American National Bank & Trust Co. VA Makes New Investment in Mastercard Incorporated (NYSE:MA)

American National Bank & Trust Co. VA acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,280 shares of the credit services provider’s stock, valued at approximately $7,840,000. Mastercard makes up 1.9% of American National Bank & Trust Co. VA’s portfolio, making the stock its 13th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter valued at about $4,595,559,000. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after buying an additional 2,929,940 shares during the period. Vanguard Group Inc. boosted 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 valued at $32,096,470,000 after buying an additional 742,076 shares during the period. Capital International Investors boosted its holdings in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MA shares. Evercore ISI cut their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley cut their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Stock Up 0.8 %

NYSE MA traded up $3.53 during trading on Thursday, reaching $448.18. The company’s stock had a trading volume of 3,192,350 shares, compared to its average volume of 2,526,183. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $416.63 billion, a PE ratio of 35.63, a PEG ratio of 1.74 and a beta of 1.09. The business has a 50-day moving average price of $450.47 and a 200-day moving average price of $453.59. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

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.