Chesley Taft & Associates LLC Has $24.09 Million Position in Mastercard Incorporated (NYSE:MA)

Chesley Taft & Associates LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,611 shares of the credit services provider’s stock after selling 428 shares during the period. Mastercard makes up approximately 1.2% of Chesley Taft & Associates LLC’s holdings, making the stock its 22nd largest holding. Chesley Taft & Associates LLC’s holdings in Mastercard were worth $24,092,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Mastercard in the fourth quarter valued at about $26,000. VitalStone Financial LLC grew 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 during the period. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.0 %

Shares of Mastercard stock traded up $0.17 during trading on Friday, reaching $468.88. 1,922,047 shares of the company were exchanged, compared to its average volume of 2,490,054. The business has a 50-day moving average price of $448.57 and a 200-day moving average price of $458.23. The firm has a market capitalization of $435.88 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 1.82 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is 20.99%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Morgan Stanley cut their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Barclays lifted their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler upped their price objective 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. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus target price of $508.91.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. 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 138,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now directly owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,627,175 shares of company stock valued at $730,399,436. 0.10% of the stock is owned by corporate insiders.

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.