Cambridge Trust Co. Reduces Holdings in Mastercard Incorporated (NYSE:MA)

Cambridge Trust Co. lowered its stake in Mastercard Incorporated (NYSE:MA) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,736 shares of the credit services provider’s stock after selling 87 shares during the quarter. Cambridge Trust Co.’s holdings in Mastercard were worth $740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Activest Wealth Management lifted its stake in shares of Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the period. Everett Harris & Co. CA increased its stake in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Fortune Financial Advisors LLC increased its position in Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after purchasing an additional 339 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its holdings in Mastercard by 1.5% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after buying an additional 612 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.2 %

NYSE:MA opened at $455.50 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $424.93 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The stock has a 50-day simple moving average of $471.75 and a 200 day simple moving average of $433.36.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business posted $2.65 EPS. Sell-side analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho reiterated a “buy” rating and set a $480.00 target price on shares of Mastercard in a report on Wednesday, March 27th. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 37,728 shares of company stock worth $17,739,753 over the last 90 days. Insiders own 0.13% 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.