South Street Advisors LLC Acquires 127 Shares of Mastercard Incorporated (NYSE:MA)

South Street Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,728 shares of the credit services provider’s stock after buying an additional 127 shares during the period. South Street Advisors LLC’s holdings in Mastercard were worth $7,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares in the last quarter. Capital International Investors raised its holdings in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors raised its holdings in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the period. Norges Bank bought a new stake in shares of Mastercard in the 4th quarter worth approximately $4,595,559,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Mastercard by 7.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,213,930 shares of the credit services provider’s stock worth $2,029,302,000 after purchasing an additional 279,178 shares during the period. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Citigroup lifted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Stock Up 0.2 %

Shares of NYSE:MA opened at $488.02 on Wednesday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The firm has a fifty day moving average of $458.12 and a 200 day moving average of $459.86. The firm has a market capitalization of $453.67 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now directly owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now directly owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 943,467 shares of company stock worth $431,056,895. Corporate insiders own 0.10% of the company’s stock.

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.