Mastercard Incorporated (NYSE:MA) is Trust Co. of Vermont’s 8th Largest Position

Trust Co. of Vermont decreased its stake in Mastercard Incorporated (NYSE:MA) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,683 shares of the credit services provider’s stock after selling 2,239 shares during the period. Mastercard makes up 1.7% of Trust Co. of Vermont’s portfolio, making the stock its 8th biggest position. Trust Co. of Vermont’s holdings in Mastercard were worth $25,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Mastercard in the fourth quarter valued at about $26,000. VitalStone Financial LLC lifted its holdings in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Mastercard during the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MA shares. Mizuho reduced their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company increased their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Robert W. Baird increased their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Finally, TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Mastercard Stock Up 0.8 %

Shares of MA stock opened at $448.11 on Tuesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The stock has a market cap of $416.57 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The business’s fifty day moving average is $453.64 and its 200-day moving average is $450.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.80 EPS. Equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders sold a total of 2,667,400 shares of company stock valued at $1,204,048,040 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.