Ironvine Capital Partners LLC cut its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,464 shares of the credit services provider’s stock after selling 7,456 shares during the period. Mastercard comprises about 2.7% of Ironvine Capital Partners LLC’s holdings, making the stock its 15th largest position. Ironvine Capital Partners LLC’s holdings in Mastercard were worth $30,541,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC boosted its holdings in Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Mastercard in the second quarter valued at approximately $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Trading Down 1.4%
MA opened at $580.95 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.62. The business’s 50 day moving average is $553.09 and its two-hundred day moving average is $520.16. The firm has a market cap of $508.92 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74.
Mastercard Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is 19.14%.
Analyst Ratings Changes
MA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Loop Capital restated a “buy” rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Piper Sandler started coverage on shares of Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price on the stock. Robert W. Baird lifted their price target on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a research report on Monday. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $666.64.
Get Our Latest Stock Report on Mastercard
Insider Activity
In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,357 shares of company stock worth $40,637,262 over the last 90 days. 0.09% of the stock is owned by corporate insiders.
About Mastercard
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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