Community Bank N.A. Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Community Bank N.A. increased its stake in Mastercard Incorporated (NYSE:MA) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190 shares of the credit services provider’s stock after buying an additional 20 shares during the period. Community Bank N.A.’s holdings in Mastercard were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MA. Concentric Capital Strategies LP raised its position in shares of Mastercard by 485.1% in the 3rd quarter. Concentric Capital Strategies LP now owns 11,357 shares of the credit services provider’s stock worth $5,608,000 after acquiring an additional 9,416 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Mastercard by 1,664.2% in the third quarter. Benjamin Edwards Inc. now owns 100,736 shares of the credit services provider’s stock worth $49,761,000 after purchasing an additional 95,026 shares in the last quarter. Paloma Partners Management Co lifted its position in Mastercard by 82.0% during the third quarter. Paloma Partners Management Co now owns 1,294 shares of the credit services provider’s stock valued at $639,000 after buying an additional 583 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Mastercard by 84.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,216 shares of the credit services provider’s stock valued at $3,070,000 after buying an additional 2,854 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Mastercard in the 3rd quarter worth about $893,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MA shares. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America boosted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Up 0.1 %

Shares of MA stock opened at $532.94 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $535.77. The stock has a market cap of $489.15 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a 50 day simple moving average of $510.37 and a two-hundred day simple moving average of $476.43.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm earned $3.39 EPS. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.