Commonwealth Retirement Investments LLC Increases Stake in Mastercard Incorporated (NYSE:MA)

Commonwealth Retirement Investments LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,048 shares of the credit services provider’s stock after purchasing an additional 338 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Mastercard were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. International Assets Investment Management LLC lifted its holdings in Mastercard by 2.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after purchasing an additional 141 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of Mastercard by 8.3% in the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after acquiring an additional 241 shares during the period. Aveo Capital Partners LLC boosted its position in shares of Mastercard by 8.8% in the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock valued at $609,000 after acquiring an additional 116 shares during the period. Gryphon Financial Partners LLC boosted its stake in shares of Mastercard by 7.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after purchasing an additional 571 shares during the period. Finally, Lebenthal Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter worth $422,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MA. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday. Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Evercore ISI decreased their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Stock Performance

Shares of MA stock opened at $476.28 on Friday. The company has a market capitalization of $442.76 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. 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 Incorporated has a one year low of $359.77 and a one year high of $490.00. The company’s 50-day moving average is $456.26 and its 200 day moving average is $459.59.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend 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%.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 108,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the transaction, the insider now owns 93,226,308 shares in the company, valued at approximately $41,494,097,427.72. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Company 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.