Mastercard Incorporated (NYSE:MA) Stock Position Reduced by Abbrea Capital LLC

Abbrea Capital LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,958 shares of the credit services provider’s stock after selling 33 shares during the period. Abbrea Capital LLC’s holdings in Mastercard were worth $2,628,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its stake in Mastercard by 15.6% during the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after acquiring an additional 3,306 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of Mastercard by 213.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Mastercard by 6.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after acquiring an additional 2,676 shares during the last quarter. NEOS Investment Management LLC grew its holdings in shares of Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after buying an additional 3,469 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its holdings in shares of Mastercard by 96.8% during the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after buying an additional 292,064 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other 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 value of $6,114,745.00. Following the transaction, 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 can be accessed through the SEC website. In other 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 value of $6,114,745.00. Following the transaction, 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 can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was 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 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 have sold 827,467 shares of company stock worth $379,595,815. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler lifted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Trading Up 0.8 %

MA stock opened at $492.11 on Friday. The business has a fifty day moving average price of $459.79 and a 200 day moving average price of $460.28. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $492.88. The stock has a market capitalization of $454.63 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard Announces Dividend

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

Mastercard 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.