Acadian Asset Management LLC Sells 225,516 Shares of Mastercard Incorporated (NYSE:MA)

Acadian Asset Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 50.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,832 shares of the credit services provider’s stock after selling 225,516 shares during the period. Acadian Asset Management LLC’s holdings in Mastercard were worth $97,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VitalStone Financial LLC lifted its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth $27,000. Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the 4th quarter worth $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Compass Point assumed coverage on Mastercard in a research report on Wednesday. They issued a “neutral” rating and a $525.00 price target on the stock. TD Cowen raised their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and cut their target price for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 108,000 shares of Mastercard stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $445.09, for a total value of $48,069,720.00. Following the completion of the sale, the insider now directly owns 93,226,308 shares of the company’s stock, valued at approximately $41,494,097,427.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the completion of the sale, the insider now directly owns 93,226,308 shares of the company’s stock, valued at $41,494,097,427.72. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $1,551,317.76. Following the completion of the transaction, 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 quarter, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 0.3 %

MA opened at $476.12 on Friday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market capitalization of $442.61 billion, a PE ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $456.26 and a two-hundred day moving average price of $459.65.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.66 dividend. 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 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.