Forsta AP Fonden Sells 19,900 Shares of Mastercard Incorporated (NYSE:MA)

Forsta AP Fonden lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,743 shares of the credit services provider’s stock after selling 19,900 shares during the period. Mastercard accounts for 0.8% of Forsta AP Fonden’s investment portfolio, making the stock its 15th biggest holding. Forsta AP Fonden’s holdings in Mastercard were worth $94,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. VitalStone Financial LLC increased its position in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Mastercard in the fourth quarter worth $30,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Citigroup raised their price target on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, KeyCorp increased their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Insider Buying and Selling

In other 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 of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’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 directly 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. In the last three months, insiders have sold 943,467 shares of company stock valued at $431,056,895. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.0 %

MA stock opened at $488.01 on Thursday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve 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 $453.66 billion, a P/E ratio of 38.79, a PEG ratio of 1.87 and a beta of 1.10. The business’s 50-day moving average price is $458.92 and its 200-day moving average price is $460.06.

Mastercard Dividend Announcement

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

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.