Rockland Trust Co. Has $30.17 Million Stake in Mastercard Incorporated (NYSE:MA)

Rockland Trust Co. decreased its position in Mastercard Incorporated (NYSE:MA) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,094 shares of the credit services provider’s stock after selling 498 shares during the period. Mastercard makes up 1.5% of Rockland Trust Co.’s holdings, making the stock its 21st biggest holding. Rockland Trust Co.’s holdings in Mastercard were worth $30,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Vanguard Group Inc. raised its holdings in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after purchasing an additional 330,872 shares during the period. Capital Research Global Investors raised its holdings in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Mastercard by 2.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Mastercard by 0.9% during the second quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after purchasing an additional 38,380 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $494.94 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day simple moving average of $475.36 and a two-hundred day simple moving average of $462.47. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The company has a market capitalization of $460.10 billion, a P/E ratio of 39.34, a P/E/G ratio of 1.96 and a beta of 1.10.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders 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 payout ratio is currently 20.99%.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was 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 directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last three months. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Bank of America upped their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Compass Point started coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Citigroup boosted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas downgraded shares of 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. Finally, KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $517.22.

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.