Mastercard Inc (NYSE:MA) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in Mastercard Inc (NYSE:MA) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 615 shares of the credit services provider’s stock after purchasing an additional 63 shares during the period. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $162,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC acquired a new stake in Mastercard in the second quarter valued at $26,000. Delphi Private Advisors LLC acquired a new stake in Mastercard in the second quarter valued at $31,000. Evolution Wealth Advisors LLC acquired a new stake in Mastercard in the second quarter valued at $31,000. Field & Main Bank acquired a new stake in Mastercard in the first quarter valued at $38,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in Mastercard in the second quarter valued at $47,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Michael Miebach sold 2,233 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $283.12, for a total transaction of $632,206.96. Following the transaction, the insider now directly owns 15,548 shares in the company, valued at $4,401,949.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 3,974 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the transaction, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock worth $54,471,508 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Wedbush upped their target price on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Wells Fargo & Co upped their target price on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. BMO Capital Markets set a $328.00 target price on Mastercard and gave the company a “buy” rating in a report on Wednesday, July 31st. Raymond James upped their target price on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America upped their target price on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $291.80.

Shares of NYSE:MA traded down $3.38 on Friday, hitting $277.39. The company had a trading volume of 664,267 shares, compared to its average volume of 3,827,957. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33. The business has a 50 day moving average of $275.18 and a 200 day moving average of $249.70. The company has a market cap of $281.07 billion, a PE ratio of 42.74, a PEG ratio of 2.19 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $1.66 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Mastercard Inc will post 7.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a dividend of $0.33 per share. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

Mastercard 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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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