Mastercard Incorporated $MA Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,937 shares of the credit services provider’s stock after purchasing an additional 1,128 shares during the period. NewEdge Advisors LLC’s holdings in Mastercard were worth $59,545,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC lifted its stake in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Mastercard during the 2nd quarter worth $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $632.00 price objective on shares of Mastercard in a report on Friday, July 31st. Robert W. Baird increased their target price 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. Clear Str upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada lifted 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, August 31st. Finally, Weiss Ratings raised shares of Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus price target of $666.64.

View Our Latest Report on MA

Mastercard Price Performance

MA stock opened at $570.35 on Wednesday. The business’s fifty day moving average price is $561.02 and its 200 day moving average price is $522.20. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $499.63 billion, a PE ratio of 31.37, a P/E/G ratio of 1.66 and a beta of 0.74.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.Mastercard’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business posted $4.15 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Insider Buying and Selling at Mastercard

In related news, insider Sachin Mehra sold 7,444 shares of Mastercard stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the transaction, the insider owned 40,916 shares in the company, valued at approximately $23,613,851.08. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares in the company, valued at approximately $17,781,695.49. The trade was a 12.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 74,623 shares of company stock worth $42,544,606. 0.09% of the stock is currently owned by company insiders.

About Mastercard

(Free Report)

Mastercard Incorporated (NYSE: MA) is a global technology company that operates a payments network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payment transactions, including credit, debit, prepaid and commercial payments, by providing the infrastructure used to authorize, clear and settle transactions.

Mastercard’s products and services include its Mastercard-branded payment cards, digital payment tools, contactless payment technology and payment solutions for businesses and governments.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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