Hancock Whitney Corp Sells 218 Shares of Mastercard Incorporated (NYSE:MA)

Hancock Whitney Corp reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,532 shares of the credit services provider’s stock after selling 218 shares during the period. Hancock Whitney Corp’s holdings in Mastercard were worth $2,440,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Hoxton Planning & Management LLC lifted its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares in the last quarter. Quilter Plc raised its stake in shares of Mastercard by 2.8% in the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP grew its stake in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its holdings in Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 131,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the transaction, the insider now directly owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The disclosure for this sale can be found here. Insiders sold 605,124 shares of company stock valued at $280,045,189 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $492.74 on Friday. The company has a market capitalization of $458.06 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $466.24 and its two-hundred day moving average is $461.11. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MA shares. Barclays lifted their price objective on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, TD Cowen increased their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $512.08.

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.