Mastercard Incorporated (NYSE:MA) Shares Sold by BBR Partners LLC

BBR Partners LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 20.8% during the second quarter, Holdings Channel.com reports. The fund owned 9,919 shares of the credit services provider’s stock after selling 2,607 shares during the period. Mastercard accounts for approximately 0.4% of BBR Partners LLC’s holdings, making the stock its 29th biggest holding. BBR Partners LLC’s holdings in Mastercard were worth $4,376,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have weighed in on MA. Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Compass Point initiated coverage on Mastercard in a report on Wednesday. They set a “neutral” rating and a $525.00 target price for the company. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Price Performance

Mastercard stock opened at $477.36 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $455.56 and its 200 day moving average price is $459.53. The stock has a market capitalization of $443.76 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the transaction, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last 90 days. Insiders own 0.10% of the company’s stock.

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.