Mastercard Incorporated (NYSE:MA) Shares Bought by First Bancorp Inc ME

First Bancorp Inc ME grew its position in Mastercard Incorporated (NYSE:MA) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 736 shares of the credit services provider’s stock after purchasing an additional 76 shares during the period. First Bancorp Inc ME’s holdings in Mastercard were worth $363,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Meyer Handelman Co. acquired a new position in Mastercard during the first quarter valued at $270,000. &PARTNERS acquired a new position in shares of Mastercard in the 1st quarter valued at about $407,000. International Assets Investment Management LLC boosted its stake in shares of Mastercard by 1.2% in the first quarter. International Assets Investment Management LLC now owns 6,969 shares of the credit services provider’s stock worth $3,334,000 after buying an additional 84 shares during the last quarter. Crestmont Private Wealth LLC grew its holdings in Mastercard by 14.3% during the first quarter. Crestmont Private Wealth LLC now owns 857 shares of the credit services provider’s stock worth $413,000 after acquiring an additional 107 shares during the period. Finally, Unique Wealth LLC raised its position in Mastercard by 49.6% during the first quarter. Unique Wealth LLC now owns 2,540 shares of the credit services provider’s stock valued at $1,223,000 after acquiring an additional 842 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.5 %

NYSE MA traded up $2.58 during mid-day trading on Friday, reaching $516.34. 2,604,684 shares of the company’s stock traded hands, compared to its average volume of 2,442,889. The company has a fifty day simple moving average of $486.90 and a 200-day simple moving average of $464.21. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.00. The company has a market cap of $480.00 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. As a group, equities research analysts expect that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, 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 at the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. 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 over the last three months. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on MA shares. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Bank of America lifted their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Susquehanna increased their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $524.64.

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.