4,968 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Kerusso Capital Management LLC

Kerusso Capital Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,968 shares of the credit services provider’s stock, valued at approximately $2,192,000.

Other large investors have also recently modified their holdings of the company. VitalStone Financial LLC grew its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at about $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

MA opened at $476.12 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The stock has a market cap of $442.61 billion, a PE ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10. The business has a 50 day moving average of $456.26 and a 200-day moving average of $459.65.

Mastercard Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Compass Point began coverage on shares of Mastercard in a research note on Wednesday. They issued a “neutral” rating and a $525.00 price target for the company. 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 note on Tuesday, September 3rd. Finally, Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $510.88.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The disclosure for this sale can be found here. Insiders have sold 1,167,931 shares of company stock valued at $531,284,982 in the last three months. 0.10% of the stock is currently owned by company insiders.

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.