Farmers National Bank Buys 889 Shares of Mastercard Incorporated (MA)
Farmers National Bank raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 13,287 shares of the credit services provider’s stock after purchasing an additional 889 shares during the period. Mastercard accounts for about 1.0% of Farmers National Bank’s investment portfolio, making the stock its 29th biggest holding. Farmers National Bank’s holdings in Mastercard were worth $1,614,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Glassman Wealth Services boosted its stake in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. Berkshire Asset Management LLC PA boosted its stake in shares of Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after acquiring an additional 18 shares during the period. First Interstate Bank boosted its stake in shares of Mastercard by 1.4% in the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after acquiring an additional 23 shares during the period. Finally, Lourd Capital LLC boosted its stake in shares of Mastercard by 0.5% in the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after acquiring an additional 26 shares during the period. 75.81% of the stock is owned by institutional investors and hedge funds.
In related news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $3,582,984. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (MA) traded up $0.44 during mid-day trading on Friday, reaching $149.89. The company’s stock had a trading volume of 2,107,460 shares, compared to its average volume of 3,627,421. Mastercard Incorporated has a fifty-two week low of $102.91 and a fifty-two week high of $154.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $158,682.84, a P/E ratio of 34.78, a PEG ratio of 2.00 and a beta of 1.20.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. equities research analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. Mastercard’s dividend payout ratio is 20.47%.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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