717 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Stonekeep Investments LLC

Stonekeep Investments LLC acquired a new position in Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 717 shares of the credit services provider’s stock, valued at approximately $316,000.

A number of other hedge funds also recently modified their holdings of the company. VitalStone Financial LLC boosted its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard during the 4th quarter valued at about $30,000. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,054,931 shares of company stock worth $480,677,932. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $476.12 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $439.86 billion, a P/E ratio of 37.85, a PEG ratio of 1.87 and a beta of 1.10. The business has a 50-day moving average of $456.26 and a 200-day moving average of $459.65. 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. Shareholders of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MA shares. KeyCorp upped their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Piper Sandler raised their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays upped their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Five 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.