Childress Capital Advisors LLC Sells 54 Shares of Mastercard Incorporated (NYSE:MA)

Childress Capital Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the credit services provider’s stock after selling 54 shares during the period. Childress Capital Advisors LLC’s holdings in Mastercard were worth $993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter worth about $4,595,559,000. Swedbank AB purchased a new stake in Mastercard in the first quarter worth about $660,652,000. PineStone Asset Management Inc. increased its stake in shares of Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Finally, Capital International Investors raised its stake in Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,167,931 shares of company stock worth $531,284,982. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.0 %

NYSE MA opened at $477.39 on Friday. 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 firm has a market cap of $443.79 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The stock’s 50 day simple moving average is $455.56 and its 200 day simple moving average is $459.53.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Citigroup boosted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.88.

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.