SRS Capital Advisors Inc. Buys 496 Shares of Mastercard Incorporated (NYSE:MA)

SRS Capital Advisors Inc. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,295 shares of the credit services provider’s stock after purchasing an additional 496 shares during the period. SRS Capital Advisors Inc.’s holdings in Mastercard were worth $2,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter worth about $4,595,559,000. Swedbank AB bought a new stake in Mastercard during the first quarter worth about $660,652,000. PineStone Asset Management Inc. boosted its stake in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. grew its holdings in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the period. Finally, Capital International Investors increased its stake in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock traded down $1.24 during mid-day trading on Friday, hitting $476.12. The stock had a trading volume of 2,116,234 shares, compared to its average volume of 2,444,963. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $442.61 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.90 and a beta of 1.10. The firm’s 50 day moving average is $456.26 and its 200 day moving average is $459.59.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Argus raised Mastercard to a “strong-buy” rating in a research note 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. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Piper Sandler upped their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $443.63, for a total value of $51,461,080.00. Following the sale, the insider now directly owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. 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 116,000 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the completion of the transaction, the insider now owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,167,931 shares of company stock worth $531,284,982. 0.10% of the stock is owned by insiders.

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.