Dorsey & Whitney Trust CO LLC Purchases 351 Shares of Mastercard Incorporated $MA

Dorsey & Whitney Trust CO LLC grew its position in Mastercard Incorporated (NYSE:MA) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,845 shares of the credit services provider’s stock after purchasing an additional 351 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Mastercard were worth $5,396,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter valued at about $31,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter valued at about $34,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

NYSE:MA opened at $585.7690 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock’s 50 day moving average price is $563.22 and its two-hundred day moving average price is $555.02. The firm has a market capitalization of $529.54 billion, a price-to-earnings ratio of 39.50, a P/E/G ratio of 2.40 and a beta of 1.03. Mastercard Incorporated has a 12-month low of $461.90 and a 12-month high of $594.71.

Mastercard (NYSE:MA) last released 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 firm had revenue of $8.13 billion for 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 business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MA. Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada upped their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $617.93.

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.