Kerusso Capital Management LLC Invests $2.19 Million in Mastercard Incorporated (NYSE:MA)

Kerusso Capital Management LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,968 shares of the credit services provider’s stock, valued at approximately $2,192,000.

Several other hedge funds also recently bought and sold shares of MA. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares during the period. Benin Management CORP lifted its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares in the last quarter. Atticus Wealth Management LLC boosted its position in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the period. Finally, Strategic Advisors LLC grew its stake in Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

NYSE MA opened at $476.12 on Friday. The stock has a market cap of $442.61 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.90 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a fifty day simple moving average of $456.26 and a two-hundred day simple moving average of $459.65.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given 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 yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’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 transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price target for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Evercore ISI dropped their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Compass Point initiated coverage on Mastercard in a report on Wednesday. They issued a “neutral” rating and a $525.00 price objective for the company. Finally, KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

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.