BankPlus Trust Department Sells 144 Shares of Mastercard Incorporated $MA

BankPlus Trust Department decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 953 shares of the credit services provider’s stock after selling 144 shares during the quarter. BankPlus Trust Department’s holdings in Mastercard were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. First Financial Group Corp lifted its stake in Mastercard by 33.5% in the second quarter. First Financial Group Corp now owns 836 shares of the credit services provider’s stock valued at $470,000 after buying an additional 210 shares in the last quarter. Canopy Partners LLC lifted its stake in Mastercard by 3.4% in the second quarter. Canopy Partners LLC now owns 4,765 shares of the credit services provider’s stock valued at $2,678,000 after buying an additional 158 shares in the last quarter. SGL Investment Advisors Inc. lifted its stake in Mastercard by 2.1% in the second quarter. SGL Investment Advisors Inc. now owns 12,378 shares of the credit services provider’s stock valued at $6,962,000 after buying an additional 258 shares in the last quarter. Shell Asset Management Co. lifted its stake in Mastercard by 20.5% in the second quarter. Shell Asset Management Co. now owns 59,835 shares of the credit services provider’s stock valued at $33,624,000 after buying an additional 10,159 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its stake in Mastercard by 9.3% in the second quarter. Joel Isaacson & Co. LLC now owns 1,946 shares of the credit services provider’s stock valued at $1,094,000 after buying an additional 166 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, KeyCorp boosted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $634.04.

Mastercard Price Performance

Shares of MA opened at $579.24 on Wednesday. The company has a market cap of $523.64 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company’s fifty day simple moving average is $580.78 and its 200 day simple moving average is $562.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued 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 the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

About Mastercard

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.