AdvisorShares Investments LLC Acquires 51 Shares of Mastercard Incorporated (NYSE:MA)

AdvisorShares Investments LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,007 shares of the credit services provider’s stock after purchasing an additional 51 shares during the period. AdvisorShares Investments LLC’s holdings in Mastercard were worth $441,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. Palisade Asset Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the fourth 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 last quarter. Scarborough Advisors LLC bought a new position in Mastercard during the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard during the fourth quarter valued at $30,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of 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 SEC, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the transaction, the insider now owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 943,467 shares of company stock valued at $431,056,895. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

MA stock opened at $488.01 on Thursday. The firm has a market cap of $453.66 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 1.87 and a beta of 1.10. The firm has a 50-day simple moving average of $458.92 and a two-hundred day simple moving average of $460.06. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Evercore ISI lowered their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays boosted their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

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.