Park National Corp OH Has $603,000 Stock Holdings in Mastercard Incorporated $MA

Park National Corp OH lifted its position in Mastercard Incorporated (NYSE:MA) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,073 shares of the credit services provider’s stock after acquiring an additional 21 shares during the period. Park National Corp OH’s holdings in Mastercard were worth $603,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth approximately $31,000. 10Elms LLP bought a new stake in Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the 4th quarter worth approximately $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

NYSE:MA opened at $580.75 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a fifty day simple moving average of $574.60 and a 200 day simple moving average of $558.33. The stock has a market capitalization of $525.00 billion, a PE ratio of 39.16, a P/E/G ratio of 2.41 and a beta of 0.99.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MA shares. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Finally, Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $626.54.

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.