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

Field & Main Bank increased its holdings in Mastercard Incorporated (NYSE:MA) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,088 shares of the credit services provider’s stock after purchasing an additional 56 shares during the quarter. Field & Main Bank’s holdings in Mastercard were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the fourth quarter valued at $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $33,000. Barometer Capital Management Inc. bought a new stake in Mastercard in the third quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. lifted its stake in Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. boosted its holdings in shares of Mastercard by 34.0% during the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the firm’s 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 completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 480,630 shares of company stock valued at $221,479,470 over the last quarter. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

MA stock traded down $5.39 during mid-day trading on Monday, hitting $457.03. The company had a trading volume of 2,120,953 shares, 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 stock’s fifty day moving average price is $471.13 and its two-hundred day moving average price is $437.01. The firm has a market cap of $426.36 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. 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 business earned $2.65 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

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.