Sanibel Captiva Trust Company Inc. Cuts Position in Mastercard Incorporated (NYSE:MA)

Sanibel Captiva Trust Company Inc. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,056 shares of the credit services provider’s stock after selling 1,733 shares during the quarter. Mastercard accounts for about 1.4% of Sanibel Captiva Trust Company Inc.’s holdings, making the stock its 17th largest position. Sanibel Captiva Trust Company Inc.’s holdings in Mastercard were worth $44,963,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter valued at about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in Mastercard during the fourth quarter valued at $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter worth $34,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.5 %

NYSE MA opened at $499.61 on Thursday. The firm has a market cap of $464.44 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The stock has a 50-day moving average of $478.54 and a 200-day 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.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Evercore ISI lowered their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $517.22.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently 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.