11,055 Shares in Mastercard Incorporated $MA Purchased by Midwest Trust Co

Midwest Trust Co bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,055 shares of the credit services provider’s stock, valued at approximately $6,212,000.

A number of other institutional investors have also added to or reduced their stakes in MA. LGT Financial Advisors LLC purchased a new position in Mastercard during the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.2%

NYSE MA opened at $551.98 on Monday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a fifty day simple moving average of $572.24 and a two-hundred day simple moving average of $569.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $499.00 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the company earned $3.89 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s payout ratio is presently 19.44%.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. UBS Group lifted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $649.26.

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.