Hemenway Trust Co LLC Has $43.43 Million Position in Mastercard Incorporated (NYSE:MA)

Hemenway Trust Co LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,448 shares of the credit services provider’s stock after selling 1,019 shares during the period. Mastercard makes up approximately 3.7% of Hemenway Trust Co LLC’s holdings, making the stock its 7th biggest position. Hemenway Trust Co LLC’s holdings in Mastercard were worth $43,431,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in Mastercard during the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $27,000. VitalStone Financial LLC boosted its stake in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Scarborough Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the 4th quarter worth approximately $30,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 113,000 shares of Mastercard stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the completion of the sale, the insider now owns 93,446,308 shares in the company, valued at approximately $41,849,929,037.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 113,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the transaction, the insider now owns 93,446,308 shares of the company’s stock, valued at approximately $41,849,929,037.80. The disclosure for this sale can be found here. Insiders have sold 1,167,931 shares of company stock valued at $531,284,982 over the last 90 days. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

Shares of NYSE MA traded up $0.50 during midday trading on Friday, reaching $477.86. 249,045 shares of the company traded hands, compared to its average volume of 2,434,110. The firm has a market cap of $444.23 billion, a PE ratio of 37.95, a PEG ratio of 1.90 and a beta of 1.10. The stock’s 50-day simple moving average is $455.56 and its 200-day simple moving average is $459.53. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Announces Dividend

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

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.