MainStreet Investment Advisors LLC Has $1.01 Million Position in Mastercard Incorporated (NYSE:MA)

MainStreet Investment Advisors LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,299 shares of the credit services provider’s stock after selling 257 shares during the period. MainStreet Investment Advisors LLC’s holdings in Mastercard were worth $1,014,000 at the end of the most recent quarter.

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

Mastercard Stock Down 0.3 %

Shares of NYSE MA opened at $476.12 on Friday. The stock has a market capitalization of $442.61 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.90 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 Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a 50-day moving average price of $456.26 and a 200-day moving average price of $459.65.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred 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 directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the 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 owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on MA shares. Citigroup raised their price target on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Compass Point began coverage on shares of Mastercard in a research report on Wednesday. They issued a “neutral” rating and a $525.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Susquehanna boosted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, TD Cowen raised their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.88.

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.