Indiana Trust & Investment Management CO Acquires 25 Shares of Mastercard Incorporated (NYSE:MA)

Indiana Trust & Investment Management CO boosted its holdings in Mastercard Incorporated (NYSE:MA) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 598 shares of the credit services provider’s stock after purchasing an additional 25 shares during the period. Indiana Trust & Investment Management CO’s holdings in Mastercard were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MA. Activest Wealth Management grew its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the period. Everett Harris & Co. CA grew its position in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after acquiring an additional 2,337 shares during the period. Foster Victor Wealth Advisors LLC grew its position in shares of Mastercard by 1.5% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after acquiring an additional 612 shares during the period. Finally, Americana Partners LLC grew its position in shares of Mastercard by 68.2% in the 3rd quarter. Americana Partners LLC now owns 4,786 shares of the credit services provider’s stock valued at $1,907,000 after acquiring an additional 1,940 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.4 %

MA traded down $2.01 during trading on Wednesday, reaching $477.42. 2,264,966 shares of the company’s stock were exchanged, compared to its average volume of 2,440,723. Mastercard Incorporated has a one year low of $355.97 and a one year high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $445.38 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The firm has a fifty day moving average price of $467.67 and a two-hundred day moving average price of $428.36.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the firm posted $2.65 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 5th that allows the company to buyback $11.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MA shares. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Jefferies Financial Group raised their target price on shares of Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Mizuho restated a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Monness Crespi & Hardt began coverage on shares of Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $481.95.

Mastercard 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.