Passumpsic Savings Bank Purchases 139 Shares of Mastercard Incorporated (NYSE:MA)

Passumpsic Savings Bank raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,990 shares of the credit services provider’s stock after acquiring an additional 139 shares during the quarter. Mastercard makes up about 1.6% of Passumpsic Savings Bank’s investment portfolio, making the stock its 29th biggest position. Passumpsic Savings Bank’s holdings in Mastercard were worth $2,464,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Goldstein Advisors LLC increased its position in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares in the last quarter. Community Bank N.A. lifted its position in Mastercard by 0.9% during the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC increased its stake in shares of Mastercard by 1.5% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp increased its stake in Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares in the last quarter. Finally, Oldfather Financial Services LLC lifted its holdings in Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

NYSE MA opened at $529.16 on Wednesday. The stock has a 50-day moving average of $514.42 and a 200 day moving average of $479.31. The company has a market capitalization of $485.68 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a one year low of $411.60 and a one year high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MA shares. Susquehanna boosted their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Morgan Stanley upped their price target on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $559.28.

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.