German American Bancorp Inc. Has $5.75 Million Stake in Mastercard Inc (NYSE:MA)

German American Bancorp Inc. lifted its stake in Mastercard Inc (NYSE:MA) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,426 shares of the credit services provider’s stock after purchasing an additional 746 shares during the period. Mastercard comprises about 1.7% of German American Bancorp Inc.’s holdings, making the stock its 12th largest holding. German American Bancorp Inc.’s holdings in Mastercard were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. Oregon Public Employees Retirement Fund increased its position in shares of Mastercard by 14,925.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after purchasing an additional 71,077,219 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth about $1,701,899,000. Millennium Management LLC increased its position in shares of Mastercard by 673.1% during the fourth quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock worth $264,263,000 after purchasing an additional 1,219,620 shares in the last quarter. FMR LLC increased its position in shares of Mastercard by 1.8% during the fourth quarter. FMR LLC now owns 39,720,669 shares of the credit services provider’s stock worth $7,493,304,000 after purchasing an additional 715,691 shares in the last quarter. Finally, Polen Capital Management LLC increased its position in shares of Mastercard by 38.9% during the fourth quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock worth $474,105,000 after purchasing an additional 704,133 shares in the last quarter. 74.32% of the stock is owned by institutional investors.

A number of analysts have recently commented on MA shares. Wedbush lifted their target price on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Deutsche Bank boosted their price target on Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Co boosted their price target on Mastercard from $238.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Oppenheimer boosted their price target on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Raymond James boosted their price target on Mastercard from $247.00 to $278.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $252.25.

Shares of NYSE:MA traded up $2.27 during trading on Monday, hitting $266.80. 2,646,700 shares of the stock were exchanged, compared to its average volume of 3,579,122. The company has a fifty day simple moving average of $257.46. The company has a market capitalization of $273.10 billion, a P/E ratio of 41.11, a PEG ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $269.99.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Mastercard Inc will post 7.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, July 8th. Mastercard’s payout ratio is currently 20.34%.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 360,618 shares of company stock worth $90,486,689. 0.32% of the stock is owned by corporate insiders.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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