Mastercard Incorporated $MA Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,502 shares of the credit services provider’s stock after selling 1,008 shares during the quarter. Mastercard comprises approximately 1.0% of FineMark National Bank & Trust’s holdings, making the stock its 18th biggest holding. FineMark National Bank & Trust’s holdings in Mastercard were worth $29,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter valued at $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock opened at $527.63 on Wednesday. The stock’s 50 day moving average is $566.34 and its two-hundred day moving average is $569.80. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a market capitalization of $473.81 billion, a PE ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 earnings per share. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Wells Fargo & Company lowered their target price on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Macquarie boosted their price target on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Truist Financial decreased their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $652.50.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

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.