Ledyard National Bank Sells 87 Shares of Mastercard Incorporated (NYSE:MA)

Ledyard National Bank decreased its position in Mastercard Incorporated (NYSE:MA) by 1.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,670 shares of the credit services provider’s stock after selling 87 shares during the period. Ledyard National Bank’s holdings in Mastercard were worth $2,249,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Capital International Investors raised its stake in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Mastercard by 4.7% during the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth approximately $4,595,559,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Mastercard by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after purchasing an additional 107,953 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MA shares. Susquehanna reiterated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird boosted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley decreased their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $498.13.

Mastercard Price Performance

Shares of MA stock traded down $2.21 on Thursday, hitting $448.95. 3,339,865 shares of the company’s stock were exchanged, compared to its average volume of 2,492,334. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The stock has a market cap of $417.35 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. The company has a 50 day moving average of $448.74 and a 200 day moving average of $454.91.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the company earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 14.25 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hai Ling sold 2,892 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the completion of the transaction, the insider now owns 21,420 shares of the company’s stock, valued at $9,853,200. The disclosure for this sale can be found here. Insiders sold a total of 3,052,228 shares of company stock worth $1,377,797,220 in the last ninety days. 0.10% of the stock is 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.