Childress Capital Advisors LLC Sells 54 Shares of Mastercard Incorporated (NYSE:MA)

Childress Capital Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 2.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,250 shares of the credit services provider’s stock after selling 54 shares during the quarter. Childress Capital Advisors LLC’s holdings in Mastercard were worth $993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard during the first quarter valued at about $27,000. VitalStone Financial LLC grew its position in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Scarborough Advisors LLC bought a new position in Mastercard in the 4th quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Mastercard in the fourth quarter worth about $30,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE MA opened at $477.39 on Friday. 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 Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The business has a 50-day moving average price of $455.56 and a 200-day moving average price of $459.53. The firm has a market cap of $443.79 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MA shares. Citigroup upped their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays raised 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. TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,167,931 shares of company stock worth $531,284,982 over the last quarter. Insiders own 0.10% of the company’s stock.

Mastercard Profile

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.