Mastercard Incorporated (NYSE:MA) Shares Bought by PGGM Investments

PGGM Investments increased its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,475 shares of the credit services provider’s stock after purchasing an additional 3,225 shares during the quarter. PGGM Investments’ holdings in Mastercard were worth $50,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth approximately $27,000. VitalStone Financial LLC raised its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter worth approximately $28,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. BMO Capital Markets restated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BNP Paribas upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $508.91.

Mastercard Stock Performance

NYSE:MA traded up $0.80 during midday trading on Wednesday, reaching $460.16. The stock had a trading volume of 1,449,157 shares, compared to its average volume of 2,496,000. The stock has a market capitalization of $427.77 billion, a P/E ratio of 36.58, a PEG ratio of 1.82 and a beta of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The firm’s fifty day simple moving average is $447.79 and its 200-day simple moving average is $457.81.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s payout ratio is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 122,000 shares of Mastercard stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $460.20, for a total value of $56,144,400.00. Following the transaction, the insider now directly owns 94,971,308 shares of the company’s stock, valued at approximately $43,705,795,941.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the sale, the insider now directly owns 21,420 shares of the company’s stock, valued at $9,853,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 122,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $460.20, for a total value of $56,144,400.00. Following the completion of the transaction, the insider now directly owns 94,971,308 shares of the company’s stock, valued at approximately $43,705,795,941.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,752,067 shares of company stock valued at $787,874,156. Insiders own 0.10% of the company’s stock.

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.