Zions Bancorporation N.A. Has $926,000 Stake in Mastercard Incorporated (NYSE:MA)

Zions Bancorporation N.A. reduced its stake in Mastercard Incorporated (NYSE:MA) by 10.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,099 shares of the credit services provider’s stock after selling 241 shares during the quarter. Zions Bancorporation N.A.’s holdings in Mastercard were worth $926,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MA. Intech Investment Management LLC increased its stake in shares of Mastercard by 15.6% in the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after purchasing an additional 3,306 shares in the last quarter. Brevan Howard Capital Management LP lifted its position in shares of Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares in the last quarter. Banque Cantonale Vaudoise grew its position in shares of Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares in the last quarter. NEOS Investment Management LLC raised its stake in shares of Mastercard by 42.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Mastercard by 96.8% during the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after purchasing an additional 292,064 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.3 %

Shares of MA stock opened at $493.36 on Friday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $496.85. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $458.63 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock’s fifty day moving average price is $460.67 and its 200 day moving average price is $460.41.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s 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 completion of the sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Insiders have sold a total of 827,467 shares of company stock valued at $379,595,815 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MA. Citigroup lifted 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. 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 report on Tuesday, September 3rd. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Finally, William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

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.