UMB Bank n.a. Sells 1,817 Shares of Mastercard Incorporated $MA

Key Points

• UMB Bank n.a. has reduced its holdings in Mastercard by 1.5% during the second quarter, now owning 120,568 shares worth approximately $67.75 million.
• Mastercard reported a earnings per share of $4.15 for the last quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 16.8%.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, with an annualized yield of 0.5%.

UMB Bank n.a. trimmed its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,568 shares of the credit services provider's stock after selling 1,817 shares during the period. Mastercard accounts for 1.1% of UMB Bank n.a.'s holdings, making the stock its 21st largest position. UMB Bank n.a.'s holdings in Mastercard were worth $67,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ethos Financial Group LLC grew its position in Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Fortis Advisors LLC raised its holdings in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its holdings in Mastercard by 2.1% in the 2nd quarter. YHB Investment Advisors Inc. now owns 4,251 shares of the credit services provider's stock worth $2,389,000 after buying an additional 86 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $583.88 on Friday. The business's fifty day simple moving average is $577.23 and its 200-day simple moving average is $559.09. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $527.83 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter last year, the business posted $3.50 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and an average target price of $630.89.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,717 shares of company stock worth $22,684,831. Corporate insiders own 0.09% of the company's stock.

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.

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