Burke & Herbert Bank & Trust Co. Acquires New Position in Mastercard Incorporated (NYSE:MA)

Burke & Herbert Bank & Trust Co. bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 441 shares of the credit services provider’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management increased its stake in shares of Mastercard by 3.4% in the 1st 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 during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Mastercard by 12.5% in the first 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 during the period. 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 worth $702,000 after purchasing an additional 26 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Mastercard by 18.4% in the 1st quarter. Cypress Wealth Services LLC now owns 1,023 shares of the credit services provider’s stock valued at $492,000 after buying an additional 159 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $136,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded up $2.71 during mid-day trading on Friday, reaching $513.33. The company’s stock had a trading volume of 135,132 shares, compared to its average volume of 2,421,952. 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 Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82. The business has a 50-day simple moving average of $490.23 and a two-hundred day simple moving average of $464.93. The stock has a market cap of $477.20 billion, a P/E ratio of 40.58, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (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 during the quarter, compared to the consensus estimate of $6.85 billion. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Bank of America raised their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.