Mastercard Incorporated (NYSE:MA) Shares Purchased by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,979 shares of the credit services provider’s stock after purchasing an additional 186 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Mastercard were worth $1,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ninepoint Partners LP boosted its stake in shares of Mastercard by 7.3% in the second quarter. Ninepoint Partners LP now owns 3,290 shares of the credit services provider’s stock valued at $1,451,000 after purchasing an additional 224 shares during the period. Susquehanna Fundamental Investments LLC lifted its holdings in Mastercard by 1,211.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 79,970 shares of the credit services provider’s stock worth $35,280,000 after buying an additional 73,870 shares in the last quarter. First County Bank CT boosted its position in Mastercard by 3.4% in the 2nd quarter. First County Bank CT now owns 1,823 shares of the credit services provider’s stock valued at $804,000 after buying an additional 60 shares during the last quarter. Scientech Research LLC grew its stake in shares of Mastercard by 91.6% during the second quarter. Scientech Research LLC now owns 5,171 shares of the credit services provider’s stock valued at $2,281,000 after acquiring an additional 2,472 shares in the last quarter. Finally, Lighthouse Investment Partners LLC increased its position in shares of Mastercard by 2,861.1% during the second quarter. Lighthouse Investment Partners LLC now owns 11,193 shares of the credit services provider’s stock worth $4,938,000 after acquiring an additional 10,815 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value 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 approximately $12,423,320. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The transaction was disclosed in a filing with the SEC, which is available 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler increased their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. TD Cowen lifted their price target 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. KeyCorp increased their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $513.70.

Mastercard Trading Up 0.4 %

Shares of NYSE:MA opened at $493.34 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. The company’s 50-day moving average price is $470.79 and its 200 day moving average price is $461.94. The company has a market cap of $458.62 billion, a PE ratio of 39.22, a P/E/G ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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 analysts’ expectations of $6.85 billion. Sell-side analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is 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.