Horizon Bancorp Inc. IN Has $446,000 Stake in Mastercard Incorporated (NYSE:MA)

Horizon Bancorp Inc. IN lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 926 shares of the credit services provider’s stock after selling 76 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Mastercard were worth $446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard in the 4th quarter valued at about $26,000. VitalStone Financial LLC raised its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard in the 4th quarter worth $27,000. Westend Capital Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at $28,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred 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 owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Monday, May 6th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Robert W. Baird increased their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Stock Performance

Shares of MA traded up $3.53 during mid-day trading on Thursday, hitting $448.18. The stock had a trading volume of 3,192,350 shares, compared to its average volume of 2,526,183. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $416.63 billion, a P/E ratio of 35.63, a PEG ratio of 1.74 and a beta of 1.09. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The business has a fifty day moving average price of $450.47 and a 200-day moving average price of $453.59.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $2.80 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 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.