Cambridge Trust Co. Has $740,000 Position in Mastercard Incorporated (NYSE:MA)

Cambridge Trust Co. lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,736 shares of the credit services provider’s stock after selling 87 shares during the period. Cambridge Trust Co.’s holdings in Mastercard were worth $740,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MA. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the 1st quarter valued at about $25,000. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the fourth quarter worth about $27,000. Barometer Capital Management Inc. bought a new stake in Mastercard in the third quarter worth about $36,000. Mascoma Wealth Management LLC purchased a new position in Mastercard in the third quarter valued at about $38,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in shares of Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the sale, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,728 shares of company stock worth $17,739,753. 0.13% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

MA stock opened at $455.50 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day moving average price is $471.75 and its 200-day moving average price is $433.36. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a market capitalization of $424.93 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the previous year, the company earned $2.65 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Mizuho reiterated a “buy” rating and set a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. KeyCorp lifted their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

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.