Mastercard Incorporated (NYSE:MA) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its position in Mastercard Incorporated (NYSE:MA) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,823,842 shares of the credit services provider’s stock after selling 771,014 shares during the period. Mastercard accounts for 0.7% of Northern Trust Corp’s holdings, making the stock its 22nd largest position. Northern Trust Corp owned about 0.94% of Mastercard worth $3,470,417,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MA. Aspire Private Capital LLC purchased a new position in Mastercard during the first quarter worth approximately $18,897,320,000. GeoWealth Management LLC acquired a new position in shares of Mastercard during the 2nd quarter valued at about $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard in the first quarter valued at about $25,000. Graham Capital Wealth Management LLC acquired a new stake in Mastercard during the first quarter worth about $268,923,000. Finally, Avion Wealth raised its stake in Mastercard by 75.8% during the second quarter. Avion Wealth now owns 109 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 47 shares during the period. 74.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total value of $1,379,460.00. Following the sale, the insider now owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard K. Davis purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the acquisition, the director now directly owns 9,743 shares of the company’s stock, valued at approximately $3,809,123.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hai Ling sold 3,324 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the sale, the insider now directly owns 17,577 shares in the company, valued at approximately $7,294,455. The disclosure for this sale can be found here. Insiders have sold a total of 533,424 shares of company stock valued at $206,051,295 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded up $3.50 during trading hours on Tuesday, reaching $407.90. 211,292 shares of the company’s stock were exchanged, compared to its average volume of 2,644,245. Mastercard Incorporated has a 1-year low of $336.43 and a 1-year high of $418.60. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $382.52 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a 50-day moving average of $394.96 and a 200 day moving average of $391.86.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the company posted $2.68 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 12.16 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 9th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. Credit Suisse Group upped their price objective on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Citigroup boosted their price objective on shares of Mastercard from $440.00 to $455.00 and gave the company a “buy” rating in a report on Monday, July 31st. StockNews.com assumed coverage on shares of Mastercard in a research report on Thursday, October 5th. They set a “buy” rating for the company. Truist Financial upped their price objective on shares of Mastercard from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $450.09.

Mastercard Company Profile

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.