St. Louis Trust Co Takes $202,000 Position in Mastercard Incorporated (NYSE:MA)

St. Louis Trust Co purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 410 shares of the credit services provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Swedbank AB acquired a new stake in Mastercard during the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its holdings in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $259,071,000. Finally, Capital World Investors boosted its stake in shares of Mastercard by 13.3% in the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $521.63 on Tuesday. The company has a market cap of $478.77 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52 week low of $398.26 and a 52 week high of $534.03. The business has a 50 day moving average price of $504.78 and a 200-day moving average price of $471.95.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.39 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup upped their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Susquehanna lifted their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is owned by insiders.

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.