Gofen & Glossberg LLC IL Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Gofen & Glossberg LLC IL raised its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,955 shares of the credit services provider’s stock after buying an additional 1,180 shares during the period. Mastercard comprises about 1.3% of Gofen & Glossberg LLC IL’s investment portfolio, making the stock its 19th biggest holding. Gofen & Glossberg LLC IL’s holdings in Mastercard were worth $47,623,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MA. Foster & Motley Inc. grew its position in Mastercard by 2.9% during the first quarter. Foster & Motley Inc. now owns 965 shares of the credit services provider’s stock worth $345,000 after buying an additional 27 shares during the period. Hexagon Capital Partners LLC grew its position in Mastercard by 2.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider’s stock worth $426,000 after buying an additional 29 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Mastercard by 4.4% in the first quarter. Atlantic Union Bankshares Corp now owns 706 shares of the credit services provider’s stock valued at $253,000 after purchasing an additional 30 shares during the last quarter. SlateStone Wealth LLC grew its position in shares of Mastercard by 1.0% in the first quarter. SlateStone Wealth LLC now owns 2,980 shares of the credit services provider’s stock valued at $1,065,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Mastercard by 15.2% in the first quarter. Rosenberg Matthew Hamilton now owns 235 shares of the credit services provider’s stock valued at $84,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 5,000 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief financial officer now owns 15,723 shares of the company’s stock, valued at $5,660,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. 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. Tigress Financial reiterated a “buy” rating and issued a $472.00 price target on shares of Mastercard in a research report on Friday, July 15th. Susquehanna Bancshares lowered their price target on shares of Mastercard from $430.00 to $400.00 and set a “positive” rating on the stock in a research report on Friday, July 29th. Morgan Stanley increased their price target on shares of Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Mizuho increased their price target on shares of Mastercard from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $414.09.

Mastercard Trading Down 1.8 %

NYSE:MA traded down $5.33 during trading hours on Thursday, reaching $299.17. 125,761 shares of the company were exchanged, compared to its average volume of 2,259,039. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $289.11 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 1.46 and a beta of 1.06. Mastercard Incorporated has a 52-week low of $303.65 and a 52-week high of $399.92. The stock has a 50 day simple moving average of $338.67 and a 200 day simple moving average of $340.54.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.26 billion. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. Mastercard’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 10.63 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Friday, October 7th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, October 6th. Mastercard’s payout ratio is currently 19.86%.

Mastercard Profile

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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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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