1,050 Shares in Mastercard Inc (MA) Acquired by Citizens & Northern Corp

Citizens & Northern Corp purchased a new stake in shares of Mastercard Inc (NYSE:MA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,050 shares of the credit services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its holdings in Mastercard by 8.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 259 shares during the period. Raymond James Trust N.A. increased its stake in Mastercard by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock worth $2,782,000 after buying an additional 268 shares in the last quarter. Cetera Advisors LLC increased its stake in Mastercard by 10.3% in the 1st quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock worth $510,000 after buying an additional 272 shares in the last quarter. Sather Financial Group Inc increased its stake in Mastercard by 0.4% in the 1st quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock worth $10,718,000 after buying an additional 272 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Mastercard by 0.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock worth $17,147,000 after buying an additional 281 shares in the last quarter. 75.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Oppenheimer increased their price target on Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Morgan Stanley increased their price target on Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. SunTrust Banks increased their price target on Mastercard to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Finally, KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research note on Thursday, July 26th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $202.70.



In other news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Shares of Mastercard stock opened at $203.88 on Wednesday. The stock has a market cap of $210.44 billion, a PE ratio of 44.52, a PEG ratio of 1.67 and a beta of 1.16. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11. Mastercard Inc has a twelve month low of $130.36 and a twelve month high of $214.28.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. analysts anticipate that Mastercard Inc will post 6.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 9th. Stockholders of record on Monday, July 9th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s payout ratio is 21.83%.

About Mastercard

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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