MJP Associates Inc. ADV Buys 230 Shares of Mastercard Incorporated (NYSE:MA)

MJP Associates Inc. ADV grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,182 shares of the credit services provider’s stock after acquiring an additional 230 shares during the period. MJP Associates Inc. ADV’s holdings in Mastercard were worth $963,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Austin Private Wealth LLC increased its holdings in Mastercard by 602.5% in the 2nd quarter. Austin Private Wealth LLC now owns 809 shares of the credit services provider’s stock worth $357,000 after buying an additional 970 shares in the last quarter. Fermata Advisors LLC boosted its position in Mastercard by 30.3% in the second quarter. Fermata Advisors LLC now owns 663 shares of the credit services provider’s stock worth $293,000 after purchasing an additional 154 shares during the last quarter. Curated Wealth Partners LLC boosted its position in Mastercard by 198.8% in the second quarter. Curated Wealth Partners LLC now owns 3,644 shares of the credit services provider’s stock worth $1,608,000 after purchasing an additional 7,333 shares during the last quarter. Carr Financial Group Corp boosted its position in Mastercard by 1.7% in the second quarter. Carr Financial Group Corp now owns 2,347 shares of the credit services provider’s stock worth $1,035,000 after purchasing an additional 39 shares during the last quarter. Finally, Cypress Wealth Services LLC boosted its position in Mastercard by 9.5% in the second quarter. Cypress Wealth Services LLC now owns 1,120 shares of the credit services provider’s stock worth $494,000 after purchasing an additional 97 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MA shares. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, July 18th. Finally, Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $507.55.

Mastercard Stock Up 0.3 %

NYSE MA traded up $1.20 during trading on Friday, reaching $456.78. 1,760,295 shares of the company’s stock were exchanged, compared to its average volume of 2,510,757. The stock has a market cap of $424.63 billion, a P/E ratio of 36.31, a price-to-earnings-growth 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. The company has a 50 day moving average price of $446.98 and a two-hundred day moving average price of $457.51. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, insider Hai Ling sold 2,892 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the transaction, the insider now owns 21,420 shares in the company, valued at approximately $9,853,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last three months, insiders sold 2,035,067 shares of company stock valued at $917,231,686. Insiders own 0.10% of the company’s stock.

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.