Mastercard Incorporated (NYSE:MA) Position Raised by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN grew its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,044 shares of the credit services provider’s stock after purchasing an additional 26 shares during the quarter. Mastercard accounts for 0.2% of Horizon Bancorp Inc. IN’s portfolio, making the stock its 29th largest position. Horizon Bancorp Inc. IN’s holdings in Mastercard were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter valued at $35,000. Lowe Wealth Advisors LLC increased its stake in 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 in the last quarter. Finally, Valued Wealth Advisors LLC increased its stake in Mastercard by 168.6% in the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This 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 related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last quarter. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $3.26 during trading on Friday, hitting $507.36. 1,582,222 shares of the stock were exchanged, compared to its average volume of 2,428,942. The company’s fifty day simple moving average is $491.84 and its 200-day simple moving average is $465.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $471.65 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $518.82.

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. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Sell-side analysts expect that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup increased their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $525.68.

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.