Busey Bank Acquires 1,143 Shares of Mastercard Incorporated $MA

Busey Bank grew its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 88,213 shares of the credit services provider’s stock after buying an additional 1,143 shares during the quarter. Mastercard makes up about 1.2% of Busey Bank’s investment portfolio, making the stock its 20th largest holding. Busey Bank’s holdings in Mastercard were worth $44,077,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new stake in Mastercard in the fourth quarter valued at $27,000. Hyposwiss Advisors SA bought a new stake in Mastercard in the fourth quarter valued at $29,000. First Pacific Financial increased its position in Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Finally, Foster Dykema Cabot & Partners LLC increased its position in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Down 0.1%

Shares of NYSE MA opened at $539.00 on Monday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $497.92 and a 200 day moving average of $518.61. The stock has a market cap of $476.25 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the company earned $3.73 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 19.61 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup decreased their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research report on Friday, May 1st. Royal Bank Of Canada decreased their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Truist Financial lowered their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $653.81.

Get Our Latest Analysis on Mastercard

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,625,225. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is currently owned by company insiders.

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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