Mastercard Incorporated (NYSE:MA) Shares Bought by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,991 shares of the credit services provider’s stock after acquiring an additional 445 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Mastercard were worth $878,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Hoxton Planning & Management LLC raised its position in Mastercard by 1.4% during the 1st 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 grew its position in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP raised its holdings in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC boosted its position 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 buying an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC grew its stake in shares of 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 acquiring an additional 23 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the transaction, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Compass Point assumed coverage on shares of Mastercard in a research note on Wednesday. They set a “neutral” rating and a $525.00 target price on the stock. Evercore ISI cut their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. TD Cowen raised their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna upped their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Stock Down 0.3 %

NYSE:MA traded down $1.24 during midday trading on Friday, reaching $476.12. The company had a trading volume of 2,116,234 shares, compared to its average volume of 2,444,963. The stock’s fifty day simple moving average is $456.26 and its 200-day simple moving average is $459.65. 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 $442.61 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 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.