Mastercard Incorporated $MA Shares Acquired by Glenview Trust Co

Glenview Trust Co grew its holdings in Mastercard Incorporated (NYSE:MA) by 2.2% during the first quarter, HoldingsChannel reports. The fund owned 180,138 shares of the credit services provider’s stock after purchasing an additional 3,931 shares during the period. Mastercard accounts for about 1.4% of Glenview Trust Co’s investment portfolio, making the stock its 20th biggest holding. Glenview Trust Co’s holdings in Mastercard were worth $90,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new stake in Mastercard during the fourth quarter worth approximately $29,000. First Pacific Financial lifted its position in shares of Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its holdings in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.7%

Shares of NYSE:MA opened at $547.58 on Tuesday. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $483.83 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.70 and a beta of 0.73. The firm has a fifty day moving average price of $504.99 and a 200 day moving average price of $515.59.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the company earned $3.73 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 19.62 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup dropped their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group reissued a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price objective for the company. Barclays began coverage on Mastercard in a report on Wednesday, July 8th. They set an “overweight” rating and a $640.00 price objective on the stock. Finally, BMO Capital Markets began coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Eight analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $653.92.

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider directly owned 3,322 shares of the company’s stock, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by company insiders.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.