St. Louis Trust Co Buys New Shares in Mastercard Incorporated (NYSE:MA)

St. Louis Trust Co purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 410 shares of the credit services provider’s stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $35,000. First Personal Financial Services acquired a new position in shares of Mastercard during the 3rd quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on MA shares. TD Cowen lifted their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. UBS Group raised their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a report on Thursday, November 14th. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,370 shares of company stock worth $46,797,168 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

MA opened at $521.63 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52-week low of $398.26 and a 52-week high of $534.03. The firm has a market cap of $478.77 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The business’s fifty day moving average is $504.78 and its 200-day moving average is $471.95.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

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.