Plimoth Trust Co. LLC Makes New $1.50 Million Investment in Mastercard Incorporated $MA

Plimoth Trust Co. LLC purchased a new position in Mastercard Incorporated (NYSE:MAFree Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,000 shares of the credit services provider’s stock, valued at approximately $1,499,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new position in Mastercard during the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new position in Mastercard during the 4th quarter valued at $29,000. Foster Dykema Cabot & Partners LLC increased its position in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its position in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MA shares. Truist Financial cut their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Citigroup lowered their target price on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Loop Capital reiterated a “buy” rating and issued a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Finally, BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $653.81.

Read Our Latest Stock Analysis on Mastercard

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. The trade was a 22.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

MA stock opened at $539.00 on Friday. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The firm has a 50-day moving average of $497.92 and a two-hundred day moving average of $518.96. The firm has a market capitalization of $476.25 billion, a PE ratio of 31.19, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same period last year, the firm posted $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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