Greenleaf Trust Acquires 739 Shares of Mastercard Incorporated (NYSE:MA)

Greenleaf Trust increased its stake in Mastercard Incorporated (NYSE:MA) by 2.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 28,812 shares of the credit services provider’s stock after buying an additional 739 shares during the quarter. Greenleaf Trust’s holdings in Mastercard were worth $15,792,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Whalerock Point Partners LLC raised its stake in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC increased its stake in shares of Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after purchasing an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida raised its position in shares of Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after purchasing an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC lifted its stake in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after buying an additional 93 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MA shares. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

Insiders Place Their Bets

In related news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.4%

MA opened at $562.77 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market cap of $513.08 billion, a PE ratio of 39.46, a P/E/G ratio of 2.46 and a beta of 1.02. The business’s fifty day simple moving average is $567.91 and its 200 day simple moving average is $547.21. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the company earned $3.31 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

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.