Peoples Financial Services CORP. Has $3.52 Million Position in Mastercard Incorporated (NYSE:MA)

Peoples Financial Services CORP. cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,417 shares of the credit services provider's stock after selling 532 shares during the period. Mastercard makes up 1.7% of Peoples Financial Services CORP.'s holdings, making the stock its 13th largest position. Peoples Financial Services CORP.'s holdings in Mastercard were worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter worth about $31,000. 10Elms LLP bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Navigoe LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $33,000. Truvestments Capital LLC grew its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard in the fourth quarter valued at $36,000. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 in the last 90 days. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp raised 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. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Finally, 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 on the stock. Seven equities 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Price Performance

NYSE:MA traded down $0.77 on Thursday, hitting $564.34. The company had a trading volume of 2,577,223 shares, compared to its average volume of 2,669,861. The firm has a 50 day moving average of $568.25 and a two-hundred day moving average of $547.33. The stock has a market capitalization of $514.51 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.45 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. 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. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 21.32%.

Mastercard Company 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.