Capital Analysts LLC Acquires 238 Shares of Mastercard Incorporated (NYSE:MA)

Capital Analysts LLC lifted its holdings in Mastercard Incorporated (NYSE:MAGet Rating) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,617 shares of the credit services provider’s stock after buying an additional 238 shares during the quarter. Capital Analysts LLC’s holdings in Mastercard were worth $4,612,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MA. Cottonwood Capital Advisors LLC raised its holdings in Mastercard by 5.0% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 1,249 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 59 shares during the last quarter. Allen Investment Management LLC raised its holdings in Mastercard by 186.1% during the 1st quarter. Allen Investment Management LLC now owns 295,561 shares of the credit services provider’s stock worth $105,628,000 after purchasing an additional 192,250 shares during the last quarter. TCI Wealth Advisors Inc. raised its holdings in Mastercard by 6.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,352 shares of the credit services provider’s stock worth $742,000 after purchasing an additional 147 shares during the last quarter. Well Done LLC raised its holdings in Mastercard by 9.0% during the 2nd quarter. Well Done LLC now owns 884 shares of the credit services provider’s stock worth $279,000 after purchasing an additional 73 shares during the last quarter. Finally, Aries Wealth Management bought a new stake in Mastercard during the 2nd quarter worth about $387,000. 75.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Susquehanna Bancshares dropped their price objective on Mastercard from $430.00 to $400.00 and set a “positive” rating for the company in a report on Friday, July 29th. Barclays decreased their target price on Mastercard from $430.00 to $428.00 and set an “overweight” rating for the company in a research report on Monday, October 31st. Keefe, Bruyette & Woods decreased their target price on Mastercard from $445.00 to $388.00 in a research report on Monday, October 10th. Wells Fargo & Company decreased their target price on Mastercard from $400.00 to $365.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. Finally, Royal Bank of Canada decreased their target price on Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.35.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the sale, the insider now owns 11,207 shares in the company, valued at approximately $3,586,240. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total value of $56,377,907.54. Following the transaction, the insider now directly owns 102,211,625 shares of the company’s stock, valued at approximately $32,517,606,377.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now directly owns 11,207 shares in the company, valued at $3,586,240. The disclosure for this sale can be found here. In the last quarter, insiders have sold 361,486 shares of company stock worth $115,326,414. Company insiders own 0.29% of the company’s stock.

Mastercard Stock Performance

MA traded up $3.68 during trading hours on Thursday, reaching $348.64. The company’s stock had a trading volume of 1,937,368 shares, compared to its average volume of 3,095,233. Mastercard Incorporated has a 52 week low of $276.87 and a 52 week high of $399.92. The company’s 50-day moving average is $311.98 and its 200-day moving average is $328.23. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $335.20 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Friday, October 7th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 6th. Mastercard’s dividend payout ratio (DPR) is presently 19.58%.

Mastercard Company Profile

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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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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