Greenleaf Trust Sells 24 Shares of Mastercard Incorporated $MA

Greenleaf Trust reduced its position in Mastercard Incorporated (NYSE:MA) by 0.1% in the second quarter, HoldingsChannel.com reports. The firm owned 28,788 shares of the credit services provider’s stock after selling 24 shares during the period. Greenleaf Trust’s holdings in Mastercard were worth $16,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter worth about $31,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter valued at approximately $44,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MA shares. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, TD Cowen reiterated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction 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 represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.5%

MA opened at $568.04 on Tuesday. The stock has a 50-day moving average of $579.27 and a 200 day moving average of $560.85. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market cap of $513.51 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.32 and a beta of 0.99.

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

Mastercard Announces Dividend

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

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.