Eagle Bay Advisors LLC Cuts Stock Position in Mastercard Incorporated (NYSE:MA)

Eagle Bay Advisors LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 488 shares of the credit services provider’s stock after selling 230 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Mastercard were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Westend Capital Management LLC acquired a new position in shares of Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $27,000. VitalStone Financial LLC raised its holdings in shares of 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. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard during the 4th quarter worth $26,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard during the fourth quarter worth $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $6.35 during trading hours on Tuesday, reaching $474.99. 1,635,117 shares of the company’s stock were exchanged, compared to its average volume of 2,458,078. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a market cap of $441.56 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company’s 50 day moving average is $451.14 and its two-hundred day moving average is $458.58.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MA shares. Barclays upped their price objective on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. TD Cowen raised their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $512.09.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 104,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $442.70, for a total value of $46,040,800.00. Following the completion of the sale, the insider now owns 94,227,308 shares in the company, valued at $41,714,429,251.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 104,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $442.70, for a total transaction of $46,040,800.00. Following the completion of the sale, the insider now owns 94,227,308 shares in the company, valued at $41,714,429,251.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,620,959 shares of company stock worth $732,931,226. Corporate insiders own 0.10% of the company’s stock.

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.