First National Trust Co Has $1.56 Million Holdings in Mastercard Incorporated (NYSE:MA)

First National Trust Co raised its position in shares of Mastercard Incorporated (NYSE:MA) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,653 shares of the credit services provider’s stock after acquiring an additional 229 shares during the period. First National Trust Co’s holdings in Mastercard were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Concord Wealth Partners raised its position in shares of Mastercard by 15.3% during the third quarter. Concord Wealth Partners now owns 2,727 shares of the credit services provider’s stock valued at $1,080,000 after buying an additional 361 shares during the last quarter. Everhart Financial Group Inc. lifted its position in shares of Mastercard by 6.4% in the 3rd quarter. Everhart Financial Group Inc. now owns 2,592 shares of the credit services provider’s stock worth $1,026,000 after acquiring an additional 156 shares during the period. Hixon Zuercher LLC grew its holdings in shares of Mastercard by 1.8% during the 3rd quarter. Hixon Zuercher LLC now owns 16,998 shares of the credit services provider’s stock worth $6,730,000 after purchasing an additional 294 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Mastercard by 8.3% during the third quarter. Lindbrook Capital LLC now owns 4,247 shares of the credit services provider’s stock valued at $1,681,000 after purchasing an additional 325 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Mastercard by 12.0% in the third quarter. Verdence Capital Advisors LLC now owns 13,117 shares of the credit services provider’s stock valued at $5,193,000 after purchasing an additional 1,407 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Finally, Raymond James lifted their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.55.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the transaction, the insider now owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now directly owns 96,651,308 shares of the company’s stock, valued at $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 583,088 shares of company stock valued at $266,873,978. 0.13% of the stock is owned by insiders.

Mastercard Stock Up 0.6 %

Shares of MA stock traded up $2.48 on Friday, hitting $443.58. 3,711,610 shares of the stock were exchanged, compared to its average volume of 2,507,301. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business has a 50-day moving average of $469.57 and a 200 day moving average of $437.74.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.99%.

About Mastercard

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.