Asset Dedication LLC Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

Asset Dedication LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,807 shares of the credit services provider’s stock after selling 30 shares during the period. Asset Dedication LLC’s holdings in Mastercard were worth $4,326,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MA. Cross Staff Investments Inc grew its position in Mastercard by 2.9% during the 2nd quarter. Cross Staff Investments Inc now owns 3,190 shares of the credit services provider’s stock worth $1,407,000 after purchasing an additional 89 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Mastercard by 12,522.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 55,790 shares of the credit services provider’s stock valued at $246,000 after buying an additional 55,348 shares during the period. Stonebrook Private Inc. boosted its stake in shares of Mastercard by 6.2% in the second quarter. Stonebrook Private Inc. now owns 1,556 shares of the credit services provider’s stock worth $687,000 after buying an additional 91 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Mastercard by 8.6% during the second quarter. SRS Capital Advisors Inc. now owns 6,295 shares of the credit services provider’s stock worth $2,777,000 after acquiring an additional 496 shares during the period. Finally, Motiv8 Investments LLC raised its position in Mastercard by 4.1% during the second quarter. Motiv8 Investments LLC now owns 1,448 shares of the credit services provider’s stock valued at $639,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

MA opened at $476.12 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $456.26 and its two-hundred day simple moving average is $459.65. The firm has a market capitalization of $442.61 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. TD Cowen raised their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price target on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Five investment 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. According to data from MarketBeat, Mastercard presently 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 113,000 shares of Mastercard stock in a transaction on Monday, June 10th. The stock was sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the transaction, the insider now owns 93,446,308 shares in the company, valued at approximately $41,849,929,037.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 113,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the completion of the sale, the insider now owns 93,446,308 shares in the company, valued at approximately $41,849,929,037.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the transaction, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last three months. 0.10% of the stock is owned by corporate insiders.

Mastercard 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.