Community Bank & Trust Waco Texas Acquires 3,083 Shares of Mastercard Incorporated (NYSE:MA)

Community Bank & Trust Waco Texas boosted its holdings in Mastercard Incorporated (NYSE:MA) by 207.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,569 shares of the credit services provider’s stock after purchasing an additional 3,083 shares during the period. Community Bank & Trust Waco Texas’ holdings in Mastercard were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after buying an additional 250 shares during the last quarter. Everett Harris & Co. CA lifted its stake in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the last quarter. Fortune Financial Advisors LLC lifted its stake in shares of Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after buying an additional 339 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after buying an additional 612 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Mizuho reiterated a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a research note on Wednesday, March 27th. Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Finally, KeyCorp lifted their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the sale, the insider now owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,630 shares of company stock valued at $118,303,470. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded down $0.77 during mid-day trading on Wednesday, reaching $462.05. 1,287,444 shares of the company were exchanged, compared to its average volume of 2,385,291. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The firm’s 50-day simple moving average is $471.71 and its two-hundred day simple moving average is $435.26. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $431.04 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the firm earned $2.65 EPS. Equities analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is currently 22.32%.

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.