Cape ANN Savings Bank Has $214,000 Position in Mastercard Incorporated $MA

Cape ANN Savings Bank reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 381 shares of the credit services provider’s stock after selling 75 shares during the period. Cape ANN Savings Bank’s holdings in Mastercard were worth $214,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Corundum Group Inc. raised its holdings in Mastercard by 42.9% during the 2nd quarter. Corundum Group Inc. now owns 2,402 shares of the credit services provider’s stock worth $1,350,000 after buying an additional 721 shares during the period. Segment Wealth Management LLC raised its holdings in shares of Mastercard by 3.1% during the second quarter. Segment Wealth Management LLC now owns 6,614 shares of the credit services provider’s stock worth $3,717,000 after acquiring an additional 197 shares during the period. Franklin Street Advisors Inc. NC acquired a new stake in shares of Mastercard during the second quarter worth $352,000. Stock Yards Bank & Trust Co. raised its holdings in shares of Mastercard by 9.1% during the second quarter. Stock Yards Bank & Trust Co. now owns 13,701 shares of the credit services provider’s stock worth $7,699,000 after acquiring an additional 1,139 shares during the period. Finally, Whelan Financial raised its holdings in shares of Mastercard by 30.9% during the second quarter. Whelan Financial now owns 1,330 shares of the credit services provider’s stock worth $748,000 after acquiring an additional 314 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE MA opened at $581.08 on Friday. The business’s 50 day moving average price is $580.26 and its two-hundred day moving average price is $561.67. The company has a market cap of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 EPS. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Saturday, September 27th. Finally, TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $630.89.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,391 shares of company stock valued at $20,836,514. 0.09% of the stock is currently owned by insiders.

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.