Chesley Taft & Associates LLC Cuts Stock Position in Mastercard Incorporated (NYSE:MA)

Chesley Taft & Associates LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,611 shares of the credit services provider’s stock after selling 428 shares during the quarter. Mastercard accounts for 1.2% of Chesley Taft & Associates LLC’s portfolio, making the stock its 22nd largest position. Chesley Taft & Associates LLC’s holdings in Mastercard were worth $24,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stokes Capital Advisors LLC increased its holdings in shares of Mastercard by 9.3% in the second quarter. Stokes Capital Advisors LLC now owns 14,043 shares of the credit services provider’s stock worth $6,195,000 after buying an additional 1,199 shares during the period. Sarasin & Partners LLP raised its holdings in Mastercard by 8.1% during the 2nd quarter. Sarasin & Partners LLP now owns 794,456 shares of the credit services provider’s stock valued at $350,482,000 after buying an additional 59,575 shares during the last quarter. KFG Wealth Management LLC boosted its position in Mastercard by 4.0% during the 2nd quarter. KFG Wealth Management LLC now owns 1,096 shares of the credit services provider’s stock valued at $484,000 after buying an additional 42 shares during the period. Vista Investment Partners LLC grew its holdings in Mastercard by 1.0% in the 2nd quarter. Vista Investment Partners LLC now owns 11,636 shares of the credit services provider’s stock worth $5,133,000 after acquiring an additional 118 shares during the last quarter. Finally, Marshall Financial Group LLC increased its position in shares of Mastercard by 1.5% in the second quarter. Marshall Financial Group LLC now owns 3,930 shares of the credit services provider’s stock valued at $1,734,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the sale, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,627,175 shares of company stock worth $730,399,436. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.0 %

MA stock traded up $0.17 during midday trading on Friday, hitting $468.88. The company’s stock had a trading volume of 1,922,047 shares, compared to its average volume of 2,490,054. The company has a market cap of $435.88 billion, a PE ratio of 37.27, a P/E/G ratio of 1.82 and a beta of 1.09. The firm’s 50-day moving average is $448.57 and its 200-day moving average is $458.23. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95.

Mastercard Dividend Announcement

The firm also recently disclosed 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 0.56%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MA. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday. Finally, Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $505.00 to $480.00 in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $508.91.

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.