Mastercard Incorporated (NYSE:MA) Position Boosted by Sabal Trust CO

Sabal Trust CO raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,423 shares of the credit services provider's stock after acquiring an additional 629 shares during the period. Sabal Trust CO's holdings in Mastercard were worth $7,906,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in Mastercard by 10.3% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 2,669 shares of the credit services provider's stock worth $1,406,000 after purchasing an additional 249 shares during the period. Exchange Capital Management Inc. boosted its stake in Mastercard by 4.7% during the 4th quarter. Exchange Capital Management Inc. now owns 470 shares of the credit services provider's stock valued at $247,000 after purchasing an additional 21 shares in the last quarter. Finally, FFT Wealth Management LLC increased its position in shares of Mastercard by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 2,733 shares of the credit services provider's stock valued at $1,439,000 after purchasing an additional 81 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,115 shares of company stock worth $18,324,718. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MA shares. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial initiated coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Price Performance

NYSE MA opened at $550.02 on Thursday. The company has a 50 day simple moving average of $561.86 and a 200-day simple moving average of $545.04. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $501.46 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

About Mastercard

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.

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