Mastercard Incorporated (NYSE:MA) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,867 shares of the credit services provider’s stock after selling 118 shares during the quarter. Mastercard comprises approximately 0.7% of Missouri Trust & Investment Co’s investment portfolio, making the stock its 28th biggest position. Missouri Trust & Investment Co’s holdings in Mastercard were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the period. Avantax Advisory Services Inc. increased its position in Mastercard by 6.9% during the first quarter. Avantax Advisory Services Inc. now owns 20,119 shares of the credit services provider’s stock worth $9,689,000 after buying an additional 1,296 shares during the period. State Board of Administration of Florida Retirement System increased its position in Mastercard by 5.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 941,209 shares of the credit services provider’s stock worth $453,258,000 after buying an additional 52,109 shares during the period. Angeles Wealth Management LLC increased its position in Mastercard by 18.4% during the first quarter. Angeles Wealth Management LLC now owns 4,733 shares of the credit services provider’s stock worth $2,279,000 after buying an additional 734 shares during the period. Finally, Tradewinds LLC. acquired a new position in Mastercard in the 1st quarter valued at $403,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Bank of America raised their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Morgan Stanley raised their target price on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Robert W. Baird increased their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Susquehanna increased their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $540.17.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded down $1.02 during mid-day trading on Tuesday, hitting $529.10. The stock had a trading volume of 290,046 shares, compared to its average volume of 2,440,712. The stock has a market capitalization of $485.62 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.30 and a beta of 1.10. The company has a 50 day simple moving average of $500.61 and a 200-day simple moving average of $469.41. Mastercard Incorporated has a 52 week low of $393.02 and a 52 week high of $534.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 EPS. On average, research analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.