Trust Co. of Toledo NA OH Boosts Stake in Mastercard Incorporated (NYSE:MA)

Trust Co. of Toledo NA OH lifted its holdings in Mastercard Incorporated (NYSE:MA) by 35.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,592 shares of the credit services provider’s stock after purchasing an additional 1,720 shares during the period. Trust Co. of Toledo NA OH’s holdings in Mastercard were worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Archer Investment Corp raised its position in Mastercard by 0.8% in the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock valued at $1,209,000 after purchasing an additional 27 shares during the period. Sound View Wealth Advisors Group LLC increased its position in shares of Mastercard by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 1,386 shares of the credit services provider’s stock worth $504,000 after purchasing an additional 27 shares during the last quarter. Good Life Advisors LLC raised its holdings in Mastercard by 0.5% in the 1st quarter. Good Life Advisors LLC now owns 5,220 shares of the credit services provider’s stock valued at $1,897,000 after buying an additional 28 shares during the period. MGO Private Wealth LLC lifted its position in Mastercard by 3.5% in the first quarter. MGO Private Wealth LLC now owns 867 shares of the credit services provider’s stock valued at $315,000 after buying an additional 29 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC boosted its stake in Mastercard by 3.6% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 831 shares of the credit services provider’s stock worth $302,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 74.94% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $414.31 on Friday. The company has a market cap of $390.37 billion, a P/E ratio of 38.83, a PEG ratio of 1.87 and a beta of 1.10. The firm has a fifty day moving average price of $401.47 and a 200 day moving average price of $381.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard Incorporated has a 12 month low of $276.87 and a 12 month high of $418.60.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the business earned $2.56 EPS. Mastercard’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were paid a $0.57 dividend. The ex-dividend date was Thursday, July 6th. This represents a $2.28 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 21.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MA. BMO Capital Markets upped their price objective on shares of Mastercard from $463.00 to $488.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. JPMorgan Chase & Co. upped their price target on Mastercard from $442.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. The Goldman Sachs Group lifted their price objective on Mastercard from $442.00 to $452.00 in a research note on Thursday, July 13th. Susquehanna increased their target price on Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. Finally, Mizuho reaffirmed a “buy” rating and issued a $435.00 target price on shares of Mastercard in a research report on Tuesday, August 29th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $442.83.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total value of $49,243,124.24. Following the completion of the sale, the insider now directly owns 99,430,749 shares of the company’s stock, valued at $38,916,200,851.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the completion of the sale, the insider now directly owns 99,430,749 shares of the company’s stock, valued at $38,916,200,851.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of Mastercard stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the completion of the transaction, the insider now directly owns 46,491 shares in the company, valued at $18,596,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 407,267 shares of company stock valued at $161,485,243. 0.13% of the stock is owned by corporate insiders.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.