Modera Wealth Management LLC Has $4.36 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Modera Wealth Management LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,871 shares of the credit services provider’s stock after selling 46 shares during the period. Modera Wealth Management LLC’s holdings in Mastercard were worth $4,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Westend Capital Management LLC bought a new stake in Mastercard in the first quarter valued at about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC raised its position 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 acquiring an additional 45 shares during the period. Altshuler Shaham Ltd bought a new position in Mastercard during the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard during the 4th quarter worth approximately $28,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the sale, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,516,959 shares of company stock worth $686,890,426. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MA shares. Citigroup increased their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Evercore ISI cut their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus target price of $512.09.

Mastercard Stock Up 0.5 %

MA stock traded up $2.30 during mid-day trading on Friday, reaching $483.10. The company had a trading volume of 2,981,796 shares, compared to its average volume of 2,451,809. The company has a market capitalization of $449.10 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.82 and a beta of 1.09. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The stock has a 50 day simple moving average of $452.63 and a two-hundred day simple moving average of $458.94. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors 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 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is presently 20.99%.

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.