Mastercard Incorporated (NYSE:MA) Shares Acquired by North Star Asset Management Inc.

North Star Asset Management Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,080 shares of the credit services provider’s stock after acquiring an additional 630 shares during the quarter. North Star Asset Management Inc.’s holdings in Mastercard were worth $18,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Westend Capital Management LLC acquired a new position in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $27,000. VitalStone Financial LLC lifted its stake in 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 purchasing an additional 45 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Mastercard in the fourth quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.2 %

Shares of Mastercard stock opened at $476.28 on Friday. The company’s fifty day moving average price is $456.26 and its two-hundred day moving average price is $459.59. The firm has a market capitalization of $442.76 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week 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 1.14.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid 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 is 20.99%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were 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 in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MA. Piper Sandler boosted 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. Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Susquehanna raised 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $510.88.

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.