J. W. Coons Advisors LLC Acquires 139 Shares of Mastercard Incorporated (NYSE:MA)

J. W. Coons Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,577 shares of the credit services provider’s stock after buying an additional 139 shares during the period. J. W. Coons Advisors LLC’s holdings in Mastercard were worth $2,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Wealth Alliance Advisory Group LLC raised its stake in shares of Mastercard by 10.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 2,182 shares of the credit services provider’s stock worth $963,000 after purchasing an additional 209 shares in the last quarter. IFG Advisory LLC acquired a new stake in Mastercard in the second quarter valued at $894,000. Concurrent Investment Advisors LLC grew its position in shares of Mastercard by 22.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,927 shares of the credit services provider’s stock valued at $7,467,000 after acquiring an additional 3,116 shares during the period. Legacy Advisors LLC grew its position in shares of Mastercard by 3.6% in the 2nd quarter. Legacy Advisors LLC now owns 9,034 shares of the credit services provider’s stock valued at $3,985,000 after acquiring an additional 316 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $1,143,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.5 %

Shares of NYSE:MA opened at $483.34 on Friday. The business’s 50 day simple moving average is $453.20 and its 200 day simple moving average is $459.10. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $446.53 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.90 and a beta 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 issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,516,959 shares of company stock worth $686,890,426. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, KeyCorp increased their price objective 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. Three research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $512.09.

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.