Greenleaf Trust Has $15.79 Million Position in Mastercard Incorporated (NYSE:MA)

Greenleaf Trust lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.6% during the first quarter, according to the company in 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mastercard in the fourth quarter worth $6,022,224,000. GAMMA Investing LLC increased its stake in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Northern Trust Corp raised its holdings in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Sanders Capital LLC acquired a new stake in Mastercard in the fourth quarter worth approximately $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mastercard in the fourth quarter worth approximately $561,313,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of Mastercard stock traded up $1.92 during trading on Wednesday, reaching $564.36. The company's stock had a trading volume of 2,453,888 shares, compared to its average volume of 2,674,082. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $514.53 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The business's fifty day moving average price is $567.91 and its 200-day moving average price is $547.21.

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

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MA shares. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $611.50.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction 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 sale, the insider directly owned 58,451 shares of the company's stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last ninety days. 0.09% of the stock is owned by company insiders.

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.