441 Shares in Mastercard Incorporated (NYSE:MA) Bought by Burke & Herbert Bank & Trust Co.

25 Oct 2024, 15:44 by Tristan Rich · The Markets Daily

Burke & Herbert Bank & Trust Co. bought a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 441 shares of the credit services provider’s stock, valued at approximately $218,000.

Several other institutional investors also recently bought and sold shares of MA. Palisade Asset Management LLC acquired a new stake in Mastercard in the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the second quarter worth $35,000. Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. Finally, VitalStone Financial LLC grew its stake in Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of Mastercard stock traded up $2.71 during midday trading on Friday, hitting $513.33. 135,132 shares of the company were exchanged, compared to its average volume of 2,421,952. The firm has a 50 day simple moving average of $490.23 and a 200-day simple moving average of $464.93. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $518.82. The firm has a market cap of $477.20 billion, a P/E ratio of 40.58, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MA shares. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Piper Sandler increased their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays lifted their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Check Out Our Latest Research Report on MA

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company Profile

(Free Report)

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.