Whittier Trust Co. Sells 177 Shares of Mastercard Incorporated $MA

Whittier Trust Co. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,095 shares of the credit services provider’s stock after selling 177 shares during the period. Whittier Trust Co.’s holdings in Mastercard were worth $18,035,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. GAMMA Investing LLC increased its stake in shares of Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after purchasing an additional 2,493 shares during the period. Live Oak Private Wealth LLC increased its stake in shares of Mastercard by 1.3% in the first quarter. Live Oak Private Wealth LLC now owns 18,921 shares of the credit services provider’s stock worth $10,371,000 after purchasing an additional 244 shares during the period. Acorn Creek Capital LLC increased its stake in shares of Mastercard by 4.7% in the first quarter. Acorn Creek Capital LLC now owns 622 shares of the credit services provider’s stock worth $341,000 after purchasing an additional 28 shares during the period. Finally, Park Capital Management LLC WI increased its stake in shares of Mastercard by 16.7% in the first quarter. Park Capital Management LLC WI now owns 1,719 shares of the credit services provider’s stock worth $942,000 after purchasing an additional 246 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 1.0%

Shares of MA opened at $566.35 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock’s 50-day moving average price is $580.07 and its 200 day moving average price is $564.03. The firm has a market capitalization of $511.99 billion, a price-to-earnings ratio of 38.19, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 of this dividend is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $634.04.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred 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 sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Mastercard 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.