Nixon Peabody Trust Co. Decreases Holdings in Mastercard Incorporated $MA

Nixon Peabody Trust Co. trimmed its position in Mastercard Incorporated (NYSE:MA) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 37,871 shares of the credit services provider’s stock after selling 1,023 shares during the quarter. Mastercard makes up approximately 1.4% of Nixon Peabody Trust Co.’s portfolio, making the stock its 19th biggest position. Nixon Peabody Trust Co.’s holdings in Mastercard were worth $19,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Krilogy Financial LLC increased its position in shares of Mastercard by 24.0% during the second quarter. Krilogy Financial LLC now owns 6,080 shares of the credit services provider’s stock worth $3,123,000 after purchasing an additional 1,176 shares in the last quarter. Ascentis Wealth Management LLC boosted its position in shares of Mastercard by 27,363.2% in the 2nd quarter. Ascentis Wealth Management LLC now owns 378,717 shares of the credit services provider’s stock worth $194,509,000 after purchasing an additional 377,338 shares in the last quarter. Tempo Wealth LLC boosted its position in shares of Mastercard by 4.1% in the 2nd quarter. Tempo Wealth LLC now owns 11,717 shares of the credit services provider’s stock worth $6,018,000 after purchasing an additional 462 shares in the last quarter. Facet Wealth Inc. grew its stake in Mastercard by 5.0% during the 2nd quarter. Facet Wealth Inc. now owns 2,783 shares of the credit services provider’s stock worth $1,429,000 after buying an additional 132 shares during the last quarter. Finally, Ellenbecker Investment Group grew its stake in Mastercard by 5.2% during the 2nd quarter. Ellenbecker Investment Group now owns 427 shares of the credit services provider’s stock worth $220,000 after buying an additional 21 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the transaction, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. This represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 62,913 shares of company stock valued at $35,769,036 over the last 90 days. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

MA opened at $574.21 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The firm has a 50 day moving average of $535.21 and a two-hundred day moving average of $517.37. The firm has a market capitalization of $503.01 billion, a PE ratio of 31.58, a P/E/G ratio of 1.73 and a beta of 0.72.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.15 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Truist Financial increased their price target on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Barclays boosted their price target on Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $632.00 price objective on shares of Mastercard in a report on Friday, July 31st. Cantor Fitzgerald lifted their target price on shares of Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $661.93.

Mastercard Company 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.