Mastercard Incorporated (NYSE:MA) Shares Purchased by City Holding Co.

City Holding Co. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,075 shares of the credit services provider’s stock after purchasing an additional 96 shares during the quarter. Mastercard makes up about 1.4% of City Holding Co.’s portfolio, making the stock its 13th biggest holding. City Holding Co.’s holdings in Mastercard were worth $9,913,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MA. Lighthouse Investment Partners LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $2,559,000. VitalStone Financial LLC raised its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. Symmetry Investments LP acquired a new stake in shares of Mastercard during the fourth quarter worth about $697,000. MGO One Seven LLC lifted its holdings in Mastercard by 26.3% during the 4th quarter. MGO One Seven LLC now owns 7,786 shares of the credit services provider’s stock worth $3,321,000 after buying an additional 1,623 shares in the last quarter. Finally, Ethic Inc. increased its position in shares of Mastercard by 5.0% during the fourth quarter. Ethic Inc. now owns 67,394 shares of the credit services provider’s stock worth $28,744,000 after acquiring an additional 3,198 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on MA shares. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna raised their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $517.22.

Mastercard Trading Up 1.2 %

Shares of MA stock opened at $497.06 on Wednesday. The company has a market capitalization of $462.07 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. 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 firm has a 50-day moving average price of $477.55 and a 200 day moving average price of $462.29.

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

Mastercard Announces Dividend

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

About Mastercard

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.