HBK Sorce Advisory LLC Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

HBK Sorce Advisory LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,611 shares of the credit services provider’s stock after selling 671 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Mastercard were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC increased its stake in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP boosted its position in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its stake in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC raised its stake in shares of Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold 827,467 shares of company stock worth $379,595,815 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MA. Citigroup boosted their price target on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Trading Up 0.8 %

Shares of MA opened at $492.11 on Friday. The stock’s fifty day simple moving average is $459.79 and its 200-day simple moving average is $460.28. The firm has a market capitalization of $454.63 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $492.88. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors 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 dividend yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 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.