Dana Investment Advisors Inc. Has $3.74 Million Holdings in Mastercard Incorporated (NYSE:MA)

Dana Investment Advisors Inc. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,468 shares of the credit services provider’s stock after selling 163 shares during the period. Dana Investment Advisors Inc.’s holdings in Mastercard were worth $3,736,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Westend Capital Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% in 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 period. Scarborough Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $30,000. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’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 completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’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 completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $496.19 on Wednesday. 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 firm has a market cap of $461.27 billion, a PE ratio of 39.44, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The stock’s fifty day moving average price is $472.79 and its two-hundred day moving average price is $462.01.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna boosted their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Bank of America upped their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Citigroup raised their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $517.22.

Mastercard 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.