Mastercard Incorporated $MA Shares Bought by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT raised its position in Mastercard Incorporated (NYSE:MA) by 60.6% in the 2nd quarter, Holdings Channel reports. The fund owned 6,008 shares of the credit services provider’s stock after acquiring an additional 2,267 shares during the period. Zions Bancorporation National Association UT’s holdings in Mastercard were worth $3,086,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Border to Coast Pensions Partnership Ltd raised its stake in shares of Mastercard by 7.3% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock worth $70,089,000 after buying an additional 9,504 shares during the last quarter. Canada Post Corp Registered Pension Plan boosted its position in Mastercard by 6.1% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock worth $37,344,000 after acquiring an additional 3,768 shares during the last quarter. Marble Wealth LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $1,328,000. Charles Lim Capital Ltd acquired a new stake in Mastercard in the 4th quarter worth about $15,699,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Mastercard by 5.4% in the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after acquiring an additional 1,434 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on MA shares. Morgan Stanley upped their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Cantor Fitzgerald lifted their price target on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Clear Str upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler began coverage on Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price on the stock. Finally, Loop Capital reiterated a “buy” rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $661.93.

Mastercard Trading Up 3.3%

NYSE:MA opened at $599.69 on Tuesday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.62. The business’s 50-day moving average is $540.98 and its two-hundred day moving average is $518.14. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $525.34 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71.

Mastercard (NYSE:MA) last posted its earnings results 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 business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 earnings per share. Research analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is 19.14%.

Insider Activity

In other Mastercard news, insider J. Mehra Sachin sold 1,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider owned 39,916 shares in the company, valued at $22,834,746.12. The trade was a 2.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the sale, the insider owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,357 shares of company stock worth $40,637,262 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

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.