Central Pacific Bank Trust Division Has $5.66 Million Holdings in Mastercard Incorporated $MA

Key Points

• Central Pacific Bank Trust Division reduced its stake in Mastercard by 6.9%, holding 10,065 shares valued at approximately $5.66 million, making it the bank's 21st largest position.
• Mastercard reported $4.15 earnings per share in its latest quarterly results, exceeding analysts' expectations, and had a revenue of $8.13 billion, reflecting a year-over-year increase of 16.8%.
• Mastercard's stock received several upgrades from research firms, with price targets raised by firms like Morgan Stanley to $661 and UBS Group to $670, indicating strong investor confidence.

Central Pacific Bank Trust Division decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,065 shares of the credit services provider's stock after selling 750 shares during the quarter. Mastercard comprises approximately 0.7% of Central Pacific Bank Trust Division's investment portfolio, making the stock its 21st biggest holding. Central Pacific Bank Trust Division's holdings in Mastercard were worth $5,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MA. Flaharty Asset Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the first quarter valued at approximately $31,000. 10Elms LLP bought a new position in Mastercard in the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC bought a new position in Mastercard in the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $36,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research 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 report on Friday, August 1st. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Royal Bank Of Canada boosted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, TD Cowen restated a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $626.54.

Mastercard Stock Performance

Shares of MA stock traded up $2.89 on Monday, hitting $583.30. The company's stock had a trading volume of 2,222,637 shares, compared to its average volume of 2,200,568. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock's 50 day moving average is $574.96 and its 200-day moving average is $558.34. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a market capitalization of $527.31 billion, a PE ratio of 39.33, a PEG ratio of 2.38 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the company posted $3.50 earnings per share. Mastercard's revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% 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. 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.