Marshall Financial Group LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Marshall Financial Group LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,930 shares of the credit services provider’s stock after acquiring an additional 58 shares during the quarter. Marshall Financial Group LLC’s holdings in Mastercard were worth $1,734,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard during the 4th quarter valued at approximately $26,000. VitalStone Financial LLC increased its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard during the first quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of several research reports. Piper Sandler lifted their price target on 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. JPMorgan Chase & Co. reduced their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Evercore ISI dropped their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and an average price target of $508.91.

Mastercard Trading Up 0.0 %

Shares of MA stock traded up $0.17 on Friday, reaching $468.88. 1,922,047 shares of the stock were exchanged, compared to its average volume of 2,490,054. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market cap of $435.88 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a 50 day moving average of $448.57 and a two-hundred day moving average of $458.17.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued 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 dividend yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 104,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the completion of the sale, the insider now owns 94,652,308 shares of the company’s stock, valued at approximately $42,901,158,601. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 104,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the completion of the sale, the insider now directly owns 94,652,308 shares of the company’s stock, valued at approximately $42,901,158,601. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the 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 sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders have sold a total of 1,627,175 shares of company stock worth $730,399,436 in the last three months. 0.10% of the stock is currently 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.