Enterprise Bank & Trust Co Has $3.40 Million Position in Mastercard Incorporated (NYSE:MA)

Enterprise Bank & Trust Co increased its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,876 shares of the credit services provider’s stock after purchasing an additional 81 shares during the period. Mastercard makes up 1.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 19th biggest position. Enterprise Bank & Trust Co’s holdings in Mastercard were worth $3,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in Mastercard in the 1st quarter valued at $660,652,000. PineStone Asset Management Inc. boosted its stake in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $259,071,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $203,198,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MA. Citigroup upped their price objective 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. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Barclays lifted their price objective on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Finally, Compass Point began coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Five investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $517.22.

Insider Activity

In other Mastercard 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 transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last quarter. Company insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.5 %

NYSE MA opened at $499.61 on Thursday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The stock has a 50-day simple moving average of $478.54 and a 200 day simple moving average of $462.40. 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 company has a market capitalization of $464.44 billion, a PE ratio of 39.71, a P/E/G ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating 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 company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Research 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 given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is 20.99%.

Mastercard Company 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.