MGO One Seven LLC Has $6.03 Million Position in Mastercard Incorporated (NYSE:MA)

MGO One Seven LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 45.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,673 shares of the credit services provider’s stock after purchasing an additional 4,265 shares during the quarter. MGO One Seven LLC’s holdings in Mastercard were worth $6,032,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Gryphon Financial Partners LLC raised its position in shares of Mastercard by 7.4% during the second quarter. Gryphon Financial Partners LLC now owns 8,915 shares of the credit services provider’s stock worth $3,933,000 after purchasing an additional 615 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Mastercard by 7.5% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 4,346 shares of the credit services provider’s stock valued at $1,917,000 after buying an additional 305 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Mastercard by 7.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 102,114 shares of the credit services provider’s stock valued at $45,048,000 after buying an additional 6,822 shares during the last quarter. Andra AP fonden raised its position in Mastercard by 32.7% in the 2nd quarter. Andra AP fonden now owns 28,800 shares of the credit services provider’s stock valued at $12,705,000 after buying an additional 7,100 shares during the last quarter. Finally, Sachetta LLC raised its position in Mastercard by 28.9% in the 2nd quarter. Sachetta LLC now owns 254 shares of the credit services provider’s stock valued at $114,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MA shares. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and dropped their target price for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Stock Performance

Shares of NYSE MA opened at $488.02 on Wednesday. The stock has a 50 day moving average of $458.12 and a 200-day moving average of $459.86. The company has a market capitalization of $453.67 billion, a P/E ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Friday, June 14th. The stock was sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the transaction, the insider now directly owns 92,998,308 shares of the company’s stock, valued at approximately $41,256,839,378.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 943,467 shares of company stock worth $431,056,895 in the last ninety days. 0.10% of the stock is owned by company insiders.

About Mastercard

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.