Mastercard Incorporated (NYSE:MA) Position Lessened by Acadian Asset Management LLC

Acadian Asset Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 50.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,832 shares of the credit services provider’s stock after selling 225,516 shares during the quarter. Acadian Asset Management LLC’s holdings in Mastercard were worth $97,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Gallacher Capital Management LLC increased its stake in shares of Mastercard by 276.1% in the second quarter. Gallacher Capital Management LLC now owns 1,779 shares of the credit services provider’s stock valued at $785,000 after purchasing an additional 1,306 shares during the period. Cross Staff Investments Inc increased its position in Mastercard by 2.9% in the 2nd quarter. Cross Staff Investments Inc now owns 3,190 shares of the credit services provider’s stock valued at $1,407,000 after acquiring an additional 89 shares during the period. Strategic Financial Concepts LLC raised its stake in Mastercard by 12,522.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 55,790 shares of the credit services provider’s stock valued at $246,000 after acquiring an additional 55,348 shares in the last quarter. Stonebrook Private Inc. boosted its position in Mastercard by 6.2% during the 2nd quarter. Stonebrook Private Inc. now owns 1,556 shares of the credit services provider’s stock worth $687,000 after acquiring an additional 91 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of Mastercard by 8.6% in the second quarter. SRS Capital Advisors Inc. now owns 6,295 shares of the credit services provider’s stock worth $2,777,000 after purchasing an additional 496 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock opened at $476.12 on Friday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. 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 stock has a market cap of $442.61 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. The business has a fifty day simple moving average of $456.26 and a 200-day simple moving average of $459.65.

Mastercard Dividend Announcement

The firm also recently disclosed 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 payout ratio is presently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Citigroup increased their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler boosted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the 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 directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated 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 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 have sold a total of 1,167,931 shares of company stock valued at $531,284,982 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

About Mastercard

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.