Mastercard Incorporated $MA Shares Sold by Crews Bank & Trust

Crews Bank & Trust decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,022 shares of the credit services provider’s stock after selling 27 shares during the period. Crews Bank & Trust’s holdings in Mastercard were worth $574,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC acquired a new position in Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.7%

MA opened at $577.76 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a market cap of $522.30 billion, a P/E ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day simple moving average is $580.00 and its 200-day simple moving average is $561.32.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock worth $20,836,514 over the last quarter. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MA. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price target on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $630.89.

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.