Security National Bank of Sioux City Iowa IA Cuts Position in Mastercard Incorporated (NYSE:MA)

Security National Bank of Sioux City Iowa IA lessened its holdings in Mastercard Incorporated (NYSE:MA) by 10.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,277 shares of the credit services provider’s stock after selling 156 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Mastercard were worth $455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Ameritrade Investment Management LLC purchased a new stake in Mastercard in the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of Mastercard by 196.3% in the first quarter. Stuart Chaussee & Associates Inc. now owns 80 shares of the credit services provider’s stock worth $28,000 after buying an additional 53 shares in the last quarter. Tower View Investment Management & Research LLC lifted its position in Mastercard by 240.0% during the first quarter. Tower View Investment Management & Research LLC now owns 85 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Sittner & Nelson LLC bought a new position in Mastercard during the fourth quarter valued at approximately $31,000. Finally, ADE LLC bought a new position in Mastercard during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.00% of the company’s stock.

NYSE:MA traded up $1.18 during mid-day trading on Friday, hitting $365.48. The stock had a trading volume of 84,522 shares, compared to its average volume of 3,911,867. The company has a market capitalization of $362.21 billion, a P/E ratio of 55.79, a PEG ratio of 2.13 and a beta of 1.19. Mastercard Incorporated has a twelve month low of $281.20 and a twelve month high of $401.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.06. The firm’s 50-day simple moving average is $372.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.19. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a net margin of 42.38% and a return on equity of 100.68%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 7.75 EPS for the current fiscal year.

MA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $358.00 price objective on the stock in a research report on Tuesday, February 16th. Barclays increased their price objective on shares of Mastercard from $440.00 to $452.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Mastercard from $418.00 to $444.00 and gave the stock an “overweight” rating in a research note on Monday, May 3rd. Truist raised their target price on shares of Mastercard from $415.00 to $450.00 in a research note on Friday, March 5th. Finally, Daiwa Capital Markets upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $402.00 target price for the company in a report on Tuesday, May 18th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $391.48.

In other news, insider Michael Fraccaro sold 2,748 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $364.24, for a total transaction of $1,000,931.52. Following the transaction, the insider now directly owns 9,014 shares in the company, valued at $3,283,259.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin Stanton sold 29,052 shares of the firm’s stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $378.09, for a total transaction of $10,984,270.68. Following the transaction, the insider now owns 31,092 shares in the company, valued at $11,755,574.28. The disclosure for this sale can be found here. Insiders sold 46,015 shares of company stock worth $17,405,702 over the last quarter. 0.33% of the stock is currently owned by 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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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