Mastercard Incorporated $MA Shares Sold by Glenview Trust co

Key Points

• Glenview Trust co reduced its holdings in Mastercard by 0.3% in Q1, leaving it with approximately $93 million worth of shares, making Mastercard its 14th largest position.
• Mastercard reported $4.15 earnings per share, exceeding analysts' estimates of $4.05, alongside a revenue increase of 16.8% year-over-year, totaling $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, representing an annualized yield of 0.5% with a payout ratio of 20.50%.

Glenview Trust co lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,802 shares of the credit services provider's stock after selling 543 shares during the period. Mastercard accounts for approximately 1.8% of Glenview Trust co's portfolio, making the stock its 14th largest holding. Glenview Trust co's holdings in Mastercard were worth $93,072,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MA. Accredited Investors Inc. lifted its holdings in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. raised its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares during the period. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after buying an additional 19 shares during the period. Finally, May Hill Capital LLC increased its stake in shares of Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after buying an additional 19 shares during the period. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

MA has been the topic of several recent research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. KeyCorp boosted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $626.54.

Mastercard Stock Down 1.4%

MA traded down $7.98 during trading on Friday, hitting $580.75. The stock had a trading volume of 2,242,737 shares, compared to its average volume of 2,763,323. The stock has a 50 day simple moving average of $574.32 and a two-hundred day simple moving average of $558.24. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $525.00 billion, a PE ratio of 39.16, a PEG ratio of 2.37 and a beta of 0.99.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated 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 sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,094 shares of company stock valued at $26,521,861. Insiders own 0.09% of the company's stock.

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.