Trust Co. of Vermont Decreases Holdings in Mastercard Incorporated (NYSE:MA)

Trust Co. of Vermont trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,402 shares of the credit services provider's stock after selling 1,181 shares during the quarter. Mastercard accounts for approximately 1.6% of Trust Co. of Vermont's holdings, making the stock its 11th biggest holding. Trust Co. of Vermont's holdings in Mastercard were worth $32,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC raised its holdings in shares of Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC raised its holdings in shares of Mastercard by 2.3% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its holdings in shares of Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 19 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its holdings in shares of Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.5%

Shares of NYSE:MA opened at $546.71 on Friday. The company has a market cap of $498.44 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.40 and a beta of 1.05. The firm's 50-day simple moving average is $562.44 and its 200-day simple moving average is $545.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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 business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven 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. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. 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 now owns 24,582 shares of the company's stock, valued at $13,765,920. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,383 shares of company stock worth $19,035,108. Insiders own 0.09% of the company's stock.

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.

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