Guardian Capital Advisors LP Has $4.53 Million Position in Mastercard Incorporated (NYSE:MA)

Guardian Capital Advisors LP raised its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,934 shares of the credit services provider’s stock after acquiring an additional 82 shares during the period. Guardian Capital Advisors LP’s holdings in Mastercard were worth $4,529,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. grew its holdings in shares of Mastercard by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after acquiring an additional 5,868,493 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Mastercard by 47.5% in the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after purchasing an additional 5,053,394 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Mastercard by 35,248.8% in the first quarter. Aaron Wealth Advisors LLC now owns 2,791,495 shares of the credit services provider’s stock worth $7,811,000 after purchasing an additional 2,783,598 shares in the last quarter. Viking Global Investors LP acquired a new position in Mastercard during the 1st quarter worth $640,957,000. Finally, Egerton Capital UK LLP lifted its position in Mastercard by 181.5% during the 2nd quarter. Egerton Capital UK LLP now owns 2,404,051 shares of the credit services provider’s stock worth $758,430,000 after acquiring an additional 1,550,025 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mastercard from $440.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Atlantic Securities cut their price objective on shares of Mastercard from $400.00 to $345.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. Royal Bank of Canada cut their price objective on shares of Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Moffett Nathanson cut their price objective on shares of Mastercard to $420.00 in a research report on Tuesday, November 1st. Finally, BMO Capital Markets increased their price target on shares of Mastercard from $402.00 to $422.00 in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.35.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $318.14, for a total value of $56,377,907.54. Following the sale, the insider now directly owns 102,211,625 shares in the company, valued at $32,517,606,377.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the sale, the insider now directly owns 11,207 shares in the company, valued at $3,586,240. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 177,211 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total transaction of $56,377,907.54. Following the sale, the insider now owns 102,211,625 shares in the company, valued at $32,517,606,377.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,486 shares of company stock worth $115,326,414. Company insiders own 0.29% of the company’s stock.

Mastercard Trading Up 1.1 %

MA traded up $3.68 during mid-day trading on Thursday, hitting $348.64. The stock had a trading volume of 1,937,368 shares, compared to its average volume of 3,095,233. The stock’s fifty day simple moving average is $311.98 and its 200-day simple moving average is $328.23. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $335.20 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $399.92.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Friday, October 7th were issued a $0.49 dividend. The ex-dividend date was Thursday, October 6th. This represents a $1.96 annualized dividend and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is presently 19.58%.

About Mastercard

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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