7,697 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,697 shares of the credit services provider’s stock, valued at approximately $3,402,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital International Investors increased its holdings in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors increased its stake in Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after acquiring an additional 43,881 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard in the fourth quarter worth approximately $4,595,559,000. Finally, American Century Companies Inc. raised its position in shares of Mastercard by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after buying an additional 38,380 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $493.36 on Friday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $496.85. The business’s fifty day simple moving average is $460.67 and its two-hundred day simple moving average is $460.31. 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 company has a market cap of $458.63 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Research analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Activity

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total value of $50,068,770.00. Following the sale, the insider now owns 92,672,308 shares in the company, valued at $41,801,697,969.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.07, for a total value of $50,068,770.00. Following the transaction, the insider now owns 92,672,308 shares of the company’s stock, valued at $41,801,697,969.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders sold 827,467 shares of company stock valued at $379,595,815 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Barclays upped their price objective on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. Finally, TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five research 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. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Company 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.