Moody National Bank Trust Division Has $5.12 Million Stock Position in Mastercard Incorporated $MA

Moody National Bank Trust Division grew its stake in Mastercard Incorporated (NYSE:MA) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 9,115 shares of the credit services provider’s stock after buying an additional 85 shares during the period. Moody National Bank Trust Division’s holdings in Mastercard were worth $5,122,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter valued at $33,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of 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 SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider directly owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,717 shares of company stock valued at $22,684,831. 0.09% of the stock is currently owned by company insiders.

Mastercard Price Performance

MA stock opened at $586.39 on Friday. The stock has a 50-day moving average price of $576.55 and a two-hundred day moving average price of $558.89. The stock has a market cap of $530.11 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter last year, the company earned $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MA. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $630.89.

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.