Enterprise Bank & Trust Co Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Enterprise Bank & Trust Co raised its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,385 shares of the credit services provider’s stock after acquiring an additional 37 shares during the period. Mastercard makes up about 1.2% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 23rd largest position. Enterprise Bank & Trust Co’s holdings in Mastercard were worth $2,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coston McIsaac & Partners purchased a new position in Mastercard during the 2nd quarter valued at $25,000. EWG Elevate Inc. bought a new stake in shares of Mastercard during the fourth quarter worth $27,000. Legend Financial Advisors Inc. bought a new stake in shares of Mastercard during the third quarter worth $28,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Mastercard during the second quarter valued at $31,000. Finally, Bangor Savings Bank grew its holdings in shares of Mastercard by 163.5% in the third quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the completion of the transaction, the insider now directly owns 41,314 shares of the company’s stock, valued at approximately $15,701,385.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael Miebach sold 17,052 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $376.43, for a total value of $6,418,884.36. Following the completion of the transaction, the chief executive officer now owns 35,544 shares of the company’s stock, valued at approximately $13,379,827.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the sale, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Insiders have sold a total of 655,522 shares of company stock worth $242,724,561 over the last quarter. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MA shares. UBS Group lowered their price objective on shares of Mastercard from $456.00 to $441.00 and set a “buy” rating for the company in a research report on Thursday, December 15th. Jefferies Financial Group raised their price objective on Mastercard from $370.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Morgan Stanley upped their target price on Mastercard from $437.00 to $438.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Wells Fargo & Company increased their price target on Mastercard from $365.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Finally, Redburn Partners initiated coverage on Mastercard in a report on Tuesday, November 29th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $413.41.

Mastercard Stock Performance

Mastercard stock traded up $1.66 during mid-day trading on Friday, reaching $349.66. 8,426,918 shares of the company traded hands, compared to its average volume of 2,903,498. The firm’s fifty day moving average is $365.66 and its two-hundred day moving average is $340.32. The company has a market capitalization of $333.31 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11. Mastercard Incorporated has a fifty-two week low of $276.87 and a fifty-two week high of $390.00. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA – Get Rating) last released its earnings results on Thursday, January 26th. The credit services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. Mastercard had a return on equity of 158.38% and a net margin of 44.65%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same period in the prior year, the firm earned $2.35 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, April 5th. Mastercard’s dividend payout ratio (DPR) is 22.31%.

Mastercard Company Profile

(Get Rating)

Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.