Mastercard Incorporated (NYSE:MA) Shares Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,667 shares of the credit services provider’s stock after buying an additional 113 shares during the quarter. Client 1ST Advisory Group LLC’s holdings in Mastercard were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Hoxton Planning & Management LLC lifted its holdings in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP grew its position in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its stake in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC grew its stake in Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MA shares. Piper Sandler lifted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Finally, Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Five investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated 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 owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was 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 owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard 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 sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold 827,467 shares of company stock valued at $379,595,815 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.8 %

NYSE:MA opened at $492.11 on Friday. The stock has a 50-day simple moving average of $459.79 and a 200 day simple moving average of $460.28. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $492.88. The company has a market cap of $454.63 billion, a PE ratio of 39.12, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 20.99%.

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.