Mastercard Incorporated (NYSE:MA) Shares Bought by Webster Bank N. A.

Webster Bank N. A. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,818 shares of the credit services provider’s stock after purchasing an additional 97 shares during the period. Webster Bank N. A.’s holdings in Mastercard were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. Sawyer & Company Inc lifted its stake in Mastercard by 3.2% during the first quarter. Sawyer & Company Inc now owns 6,814 shares of the credit services provider’s stock valued at $3,281,000 after buying an additional 213 shares in the last quarter. Capital Insight Partners LLC raised its holdings in shares of Mastercard by 2.2% during the first quarter. Capital Insight Partners LLC now owns 12,778 shares of the credit services provider’s stock valued at $6,154,000 after acquiring an additional 274 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of Mastercard by 7.6% in the 1st quarter. Atlantic Union Bankshares Corp now owns 13,048 shares of the credit services provider’s stock valued at $6,284,000 after acquiring an additional 924 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Mastercard in the 1st quarter worth approximately $136,000. Finally, Capital Asset Advisory Services LLC grew its position in Mastercard by 1.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 8,435 shares of the credit services provider’s stock worth $4,025,000 after purchasing an additional 109 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 0.4 %

Mastercard stock opened at $441.16 on Friday. The firm has a market cap of $410.11 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 1.72 and a beta of 1.09. The firm has a fifty day moving average price of $451.50 and a two-hundred day moving average price of $453.11. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm posted $2.80 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Analyst Ratings Changes

Several brokerages have recently commented on MA. Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Mizuho lowered their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now directly owns 97,215,308 shares in the company, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.