Mastercard Incorporated (NYSE:MA) Shares Bought by MBB Public Markets I LLC

MBB Public Markets I LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 3,414.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 59,226 shares of the credit services provider’s stock after purchasing an additional 57,541 shares during the period. MBB Public Markets I LLC’s holdings in Mastercard were worth $26,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. VitalStone Financial LLC increased its stake 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 purchasing an additional 45 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.3 %

Shares of NYSE MA opened at $491.12 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The company has a market capitalization of $453.72 billion, a P/E ratio of 39.04, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a 50 day simple moving average of $468.95 and a 200-day simple moving average of $461.56. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.54%. Mastercard’s payout ratio is currently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Piper Sandler boosted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $513.70.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the 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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last three months. Insiders own 0.10% of the company’s stock.

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.