Nixon Peabody Trust Co. Has $24.48 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Nixon Peabody Trust Co. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,571 shares of the credit services provider’s stock after buying an additional 643 shares during the period. Mastercard accounts for 2.0% of Nixon Peabody Trust Co.’s portfolio, making the stock its 9th biggest position. Nixon Peabody Trust Co.’s holdings in Mastercard were worth $24,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the second quarter worth $34,000. First Personal Financial Services bought a new stake in Mastercard in the third quarter worth $39,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the second quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded down $3.89 during mid-day trading on Monday, reaching $518.00. The stock had a trading volume of 146,815 shares, compared to its average volume of 2,441,797. The business’s 50 day moving average price is $504.09 and its 200 day moving average price is $471.38. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $475.44 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $398.26 and a 1 year high of $534.03.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during 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 business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 EPS. Research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,370 shares of company stock worth $46,797,168. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Susquehanna increased their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $549.16.

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.