First National Bank of Hutchinson Sells 376 Shares of Mastercard Incorporated (NYSE:MA)

First National Bank of Hutchinson lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 13.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,456 shares of the credit services provider’s stock after selling 376 shares during the period. Mastercard accounts for approximately 0.8% of First National Bank of Hutchinson’s portfolio, making the stock its 27th biggest position. First National Bank of Hutchinson’s holdings in Mastercard were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brookstone Capital Management increased its position in shares of Mastercard by 3.4% during the first quarter. Brookstone Capital Management now owns 7,272 shares of the credit services provider’s stock valued at $3,502,000 after acquiring an additional 237 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Mastercard by 12.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,505 shares of the credit services provider’s stock worth $2,651,000 after purchasing an additional 613 shares in the last quarter. ERn Financial LLC purchased a new position in shares of Mastercard in the first quarter worth $209,000. Stokes Capital Advisors LLC lifted its holdings in shares of Mastercard by 2.2% during the first quarter. Stokes Capital Advisors LLC now owns 12,844 shares of the credit services provider’s stock valued at $6,185,000 after purchasing an additional 275 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in shares of Mastercard by 1.8% during the first quarter. 180 Wealth Advisors LLC now owns 1,457 shares of the credit services provider’s stock valued at $702,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.1 %

MA opened at $513.73 on Thursday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $477.57 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The firm’s fifty day moving average is $490.23 and its 200 day moving average is $464.93.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is 20.99%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Oppenheimer began coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Company Profile

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.