Nixon Peabody Trust Co. Sells 1,023 Shares of Mastercard Incorporated $MA

Nixon Peabody Trust Co. lessened its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,871 shares of the credit services provider’s stock after selling 1,023 shares during the quarter. Mastercard makes up 1.4% of Nixon Peabody Trust Co.’s holdings, making the stock its 19th largest holding. Nixon Peabody Trust Co.’s holdings in Mastercard were worth $19,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC purchased a new position in Mastercard in the 4th quarter worth about $27,000. Hyposwiss Advisors SA bought a new stake in Mastercard during the 4th quarter valued at about $29,000. Robinswood Financial LLC bought a new stake in Mastercard during the 1st quarter valued at about $25,000. Finally, Bay Harbor Wealth Management LLC boosted its position in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MA. Royal Bank Of Canada upped their target price on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Truist Financial lifted their price target on shares of Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley boosted their price target on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Cantor Fitzgerald raised their price objective on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $661.93.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the completion of the sale, the insider directly owned 31,179 shares in the company, valued at $17,781,695.49. This represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $571.87, for a total value of $1,715,610.00. Following the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,398,632.92. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 62,913 shares of company stock worth $35,769,036. 0.09% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of MA opened at $574.21 on Thursday. The company has a 50 day moving average price of $535.21 and a 200-day moving average price of $517.37. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The stock has a market capitalization of $503.01 billion, a PE ratio of 31.58, a PEG ratio of 1.73 and a beta of 0.72. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $4.15 earnings per share. Equities analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.