Mastercard Incorporated (NYSE:MA) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its position in shares of Mastercard Incorporated (NYSE:MA) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,299 shares of the credit services provider’s stock after purchasing an additional 675 shares during the quarter. Y.D. More Investments Ltd’s holdings in Mastercard were worth $6,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. VitalStone Financial LLC lifted its position 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 period. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $30,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE MA opened at $488.01 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $458.92 and its two-hundred day moving average is $460.06. The firm has a market capitalization of $453.66 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price target for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. KeyCorp upped their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 107,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $445.98, for a total transaction of $47,719,860.00. Following the sale, the insider now owns 92,891,308 shares of the company’s stock, valued at $41,427,665,541.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 943,467 shares of company stock valued at $431,056,895. Company 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.