AAFMAA Wealth Management & Trust LLC Buys 296 Shares of Mastercard Incorporated (NYSE:MA)

AAFMAA Wealth Management & Trust LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,618 shares of the credit services provider’s stock after buying an additional 296 shares during the period. Mastercard accounts for about 1.0% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 26th biggest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Mastercard were worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the first quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter worth approximately $34,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value 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 Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Mastercard stock opened at $514.07 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $515.40. The firm has a market capitalization of $477.89 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company’s 50-day moving average is $484.54 and its 200 day moving average is $463.60.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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 company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Research analysts forecast that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer began coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.64.

About Mastercard

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.