Mastercard Incorporated (NYSE:MA) Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,757 shares of the credit services provider’s stock after selling 107 shares during the quarter. Ledyard National Bank’s holdings in Mastercard were worth $2,029,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Cypress Wealth Services LLC lifted its position in Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC lifted its position in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after acquiring an additional 25 shares during the last quarter. Finally, Tufton Capital Management lifted its position in Mastercard by 4.5% during the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Mizuho restated a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Finally, Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Trading Down 1.2 %

MA traded down $5.39 during mid-day trading on Monday, hitting $457.03. The stock had a trading volume of 2,120,953 shares, compared to its average volume of 2,406,817. The stock’s fifty day simple moving average is $471.13 and its 200-day simple moving average is $437.01. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $426.36 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the business posted $2.65 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 480,630 shares of company stock valued at $221,479,470 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

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.