Kintegral Advisory LLC Sells 861 Shares of Mastercard Incorporated (NYSE:MA)

Kintegral Advisory LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,275 shares of the credit services provider’s stock after selling 861 shares during the period. Mastercard comprises approximately 1.1% of Kintegral Advisory LLC’s holdings, making the stock its 13th largest holding. Kintegral Advisory LLC’s holdings in Mastercard were worth $11,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trajan Wealth LLC grew its holdings in shares of Mastercard by 5.2% during the second quarter. Trajan Wealth LLC now owns 97,580 shares of the credit services provider’s stock worth $43,048,000 after purchasing an additional 4,833 shares during the last quarter. Aletheian Wealth Advisors LLC grew its holdings in Mastercard by 19.9% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 765 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 127 shares during the last quarter. Detalus Advisors LLC increased its position in Mastercard by 3.0% in the 2nd quarter. Detalus Advisors LLC now owns 1,762 shares of the credit services provider’s stock valued at $777,000 after acquiring an additional 52 shares in the last quarter. West Branch Capital LLC raised its stake in shares of Mastercard by 3.0% in the second quarter. West Branch Capital LLC now owns 5,956 shares of the credit services provider’s stock worth $2,628,000 after acquiring an additional 176 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Mastercard by 5.0% during the second quarter. Conestoga Capital Advisors LLC now owns 1,055 shares of the credit services provider’s stock valued at $465,000 after purchasing an additional 50 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard 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 transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,620,959 shares of company stock worth $732,931,226. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MA shares. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. BNP Paribas raised Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $512.09.

Mastercard Stock Down 0.7 %

NYSE MA traded down $3.19 during trading hours on Wednesday, reaching $471.80. 1,419,805 shares of the company’s stock traded hands, compared to its average volume of 2,451,978. The firm has a 50-day simple moving average of $451.64 and a 200 day simple moving average of $458.70. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The firm has a market cap of $438.59 billion, a PE ratio of 37.50, a PEG ratio of 1.82 and a beta of 1.09. 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 Announces Dividend

The business also recently announced 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 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 is currently 20.99%.

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.