Citizens & Northern Corp Sells 404 Shares of Mastercard Incorporated (NYSE:MA)

Citizens & Northern Corp reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,752 shares of the credit services provider’s stock after selling 404 shares during the period. Mastercard accounts for 1.5% of Citizens & Northern Corp’s holdings, making the stock its 16th biggest holding. Citizens & Northern Corp’s holdings in Mastercard were worth $4,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MA. Cypress Wealth Services LLC grew its holdings in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC lifted its holdings in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the period. TRUE Private Wealth Advisors grew its position in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its position in Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after buying an additional 25 shares during the last quarter. Finally, Tufton Capital Management increased its stake in shares of Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.1 %

Shares of MA traded down $5.15 during midday trading on Thursday, reaching $451.37. 1,268,447 shares of the company were exchanged, compared to its average volume of 2,418,849. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a market cap of $419.60 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 1.80 and a beta of 1.08. The stock has a 50-day moving average price of $465.42 and a 200-day moving average price of $444.90.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 earnings per share. Research analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 1,681,580 shares of company stock worth $765,101,407 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Barclays cut their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Piper Sandler assumed coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Royal Bank of Canada lifted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Mizuho lowered 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. Two 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.78.

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.