Mastercard Incorporated (NYSE:MA) Stake Lowered by Truist Financial Corp

Truist Financial Corp cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,635 shares of the credit services provider’s stock after selling 97,995 shares during the quarter. Truist Financial Corp’s holdings in Mastercard were worth $120,547,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MA. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the fourth quarter worth approximately $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard in the fourth quarter worth approximately $33,000. Barometer Capital Management Inc. acquired a new stake in Mastercard in the third quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. lifted its position in Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares during the period. Finally, JCIC Asset Management Inc. lifted its position in Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 34 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 366,630 shares of company stock worth $168,746,490 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MA shares. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. BMO Capital Markets increased their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. increased their price objective on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Robert W. Baird increased their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Stock Up 0.1 %

Shares of NYSE:MA traded up $0.31 during midday trading on Friday, hitting $462.42. 1,963,273 shares of the stock were exchanged, compared to its average volume of 2,212,406. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The business’s fifty day simple moving average is $471.35 and its two-hundred day simple moving average is $436.10. The company has a market capitalization of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

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.