Community Bank N.A. Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Community Bank N.A. raised its position in shares of Mastercard Incorporated (NYSE:MA) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190 shares of the credit services provider’s stock after acquiring an additional 20 shares during the period. Community Bank N.A.’s holdings in Mastercard were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Fragasso Financial Advisors Inc lifted its stake in shares of Mastercard by 5.9% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 1,374 shares of the credit services provider’s stock worth $606,000 after acquiring an additional 77 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Mastercard by 0.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,834 shares of the credit services provider’s stock worth $7,868,000 after purchasing an additional 46 shares during the period. Value Partners Investments Inc. raised its stake in Mastercard by 84.1% in the second quarter. Value Partners Investments Inc. now owns 7,633 shares of the credit services provider’s stock worth $3,367,000 after buying an additional 3,486 shares in the last quarter. Olistico Wealth LLC bought a new stake in Mastercard during the 2nd quarter valued at $176,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 5.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,036 shares of the credit services provider’s stock valued at $3,986,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $532.94 on Monday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company’s fifty day moving average price is $510.37 and its 200 day moving average price is $476.43. The company has a market capitalization of $489.15 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $3.39 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. UBS Group increased their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.