New Hampshire Trust Trims Holdings in Mastercard Incorporated $MA

New Hampshire Trust cut its stake in Mastercard Incorporated (NYSE:MA) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,025 shares of the credit services provider’s stock after selling 141 shares during the quarter. New Hampshire Trust’s holdings in Mastercard were worth $2,824,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Prudent Man Advisors LLC boosted its position in shares of Mastercard by 33.3% in the second quarter. Prudent Man Advisors LLC now owns 3,430 shares of the credit services provider’s stock valued at $1,927,000 after acquiring an additional 857 shares during the period. Orion Capital Management LLC boosted its position in shares of Mastercard by 10.6% in the second quarter. Orion Capital Management LLC now owns 364 shares of the credit services provider’s stock valued at $205,000 after acquiring an additional 35 shares during the period. VestGen Investment Management bought a new position in shares of Mastercard in the second quarter valued at approximately $836,000. Ingalls & Snyder LLC boosted its position in shares of Mastercard by 2.1% in the second quarter. Ingalls & Snyder LLC now owns 17,636 shares of the credit services provider’s stock valued at $9,910,000 after acquiring an additional 365 shares during the period. Finally, Interchange Capital Partners LLC raised its position in shares of Mastercard by 1.3% in the second quarter. Interchange Capital Partners LLC now owns 3,072 shares of the credit services provider’s stock worth $1,726,000 after buying an additional 38 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday. Truist Financial set a $638.00 target price on Mastercard in a research report on Friday. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $638.96.

Mastercard Stock Performance

Shares of Mastercard stock opened at $573.72 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. The business has a fifty day simple moving average of $579.51 and a two-hundred day simple moving average of $566.01. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm posted $3.50 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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.