BDF Gestion Buys New Position in Mastercard Incorporated (NYSE:MA)

BDF Gestion purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, Holdings Channel.com reports. The fund purchased 25,089 shares of the credit services provider’s stock, valued at approximately $11,068,000. Mastercard makes up approximately 1.1% of BDF Gestion’s portfolio, making the stock its 14th largest position.

A number of other institutional investors also recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its position in shares of Mastercard by 27.3% during the 4th quarter. Valley National Advisers Inc. now owns 816 shares of the credit services provider’s stock valued at $348,000 after purchasing an additional 175 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Mastercard by 2.1% during the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after buying an additional 141 shares in the last quarter. RFG Advisory LLC grew its position in Mastercard by 38.7% in the fourth quarter. RFG Advisory LLC now owns 6,412 shares of the credit services provider’s stock worth $2,735,000 after buying an additional 1,790 shares during the last quarter. Dearborn Partners LLC increased its holdings in shares of Mastercard by 8.9% in the fourth quarter. Dearborn Partners LLC now owns 109,161 shares of the credit services provider’s stock valued at $46,558,000 after buying an additional 8,955 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $2,651,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MA shares. TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $507.55.

Mastercard Stock Up 0.3 %

Shares of NYSE MA traded up $1.15 during trading hours on Friday, hitting $456.73. The stock had a trading volume of 1,760,219 shares, compared to its average volume of 2,510,757. The firm’s 50-day moving average price is $446.78 and its two-hundred day moving average price is $457.13. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a market capitalization of $424.58 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $456.74, for a total value of $64,857,080.00. Following the transaction, the insider now owns 95,222,308 shares in the company, valued at approximately $43,491,836,955.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,035,067 shares of company stock worth $917,231,686. 0.10% of the stock is owned by corporate insiders.

Mastercard Company 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.