Heartland Bank & Trust Co Buys 44 Shares of Mastercard Incorporated (NYSE:MA)

Heartland Bank & Trust Co boosted its stake in Mastercard Incorporated (NYSE:MA) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,306 shares of the credit services provider’s stock after acquiring an additional 44 shares during the period. Mastercard accounts for 1.3% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 13th largest holding. Heartland Bank & Trust Co’s holdings in Mastercard were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its position in shares of Mastercard by 14.7% during the 4th quarter. CWA Asset Management Group LLC now owns 6,284 shares of the credit services provider’s stock valued at $2,680,000 after purchasing an additional 806 shares in the last quarter. Carmignac Gestion boosted its holdings in shares of Mastercard by 6.3% during the 4th quarter. Carmignac Gestion now owns 130,786 shares of the credit services provider’s stock worth $55,782,000 after buying an additional 7,795 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Mastercard by 2.3% during the 4th quarter. Belpointe Asset Management LLC now owns 5,136 shares of the credit services provider’s stock worth $2,191,000 after buying an additional 115 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Mastercard by 3.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 745,105 shares of the credit services provider’s stock worth $317,795,000 after buying an additional 27,304 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in shares of Mastercard by 1.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 381,208 shares of the credit services provider’s stock valued at $162,589,000 after acquiring an additional 5,213 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. Citigroup increased their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America increased 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. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Evercore ISI cut their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $513.70.

Mastercard Price Performance

Mastercard stock opened at $493.80 on Tuesday. The stock has a market cap of $459.04 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average price is $471.70 and its two-hundred day moving average price is $461.86. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company 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.