Field & Main Bank Buys 56 Shares of Mastercard Incorporated (NYSE:MA)

Field & Main Bank lifted its stake in Mastercard Incorporated (NYSE:MA) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,088 shares of the credit services provider’s stock after acquiring an additional 56 shares during the quarter. Field & Main Bank’s holdings in Mastercard were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MA. Atlantic Union Bankshares Corp grew its position in Mastercard by 16.7% during the third quarter. Atlantic Union Bankshares Corp now owns 9,787 shares of the credit services provider’s stock valued at $3,875,000 after buying an additional 1,403 shares during the period. Lodestone Wealth Management LLC grew its position in Mastercard by 4.9% during the third quarter. Lodestone Wealth Management LLC now owns 984 shares of the credit services provider’s stock valued at $390,000 after buying an additional 46 shares during the period. Steward Financial Group LLC grew its position in Mastercard by 10.5% during the third quarter. Steward Financial Group LLC now owns 643 shares of the credit services provider’s stock valued at $254,000 after buying an additional 61 shares during the period. Kathleen S. Wright Associates Inc. grew its position in Mastercard by 1,739.1% during the third quarter. Kathleen S. Wright Associates Inc. now owns 846 shares of the credit services provider’s stock valued at $331,000 after buying an additional 800 shares during the period. Finally, PDS Planning Inc grew its position in Mastercard by 2.7% during the third quarter. PDS Planning Inc now owns 3,892 shares of the credit services provider’s stock valued at $1,541,000 after buying an additional 101 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Mastercard stock traded down $5.39 during mid-day trading on Monday, reaching $457.03. 2,120,953 shares of the company’s stock traded hands, compared to its average volume of 2,406,817. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market cap of $426.36 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a 50 day moving average of $471.13 and a two-hundred day moving average of $437.01.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Robert W. Baird upped their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Activity

In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 480,630 shares of company stock valued at $221,479,470. 0.13% of the stock is currently 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.