Whittier Trust Co. of Nevada Inc. Acquires 1,419 Shares of Mastercard Incorporated $MA

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 22.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,737 shares of the credit services provider’s stock after buying an additional 1,419 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Mastercard were worth $3,880,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares during the last quarter. J. Stern & Co. LLP raised its position in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. State Street Corp lifted its holdings in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares during the period. Geode Capital Management LLC lifted its holdings in Mastercard by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after buying an additional 349,369 shares during the period. Finally, Capital International Investors grew its position in shares of Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. This trade represents a 22.71% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is owned by insiders.

Mastercard Stock Up 0.9%

Shares of NYSE:MA traded up $4.58 during mid-day trading on Tuesday, hitting $537.68. 1,086,091 shares of the company traded hands, compared to its average volume of 3,856,028. The stock has a 50-day moving average price of $497.92 and a two-hundred day moving average price of $518.61. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The stock has a market cap of $475.09 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $3.73 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MA shares. Morgan Stanley restated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Evercore reaffirmed a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $654.31.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.