First Affirmative Financial Network bought a new stake in Mastercard Incorporated (NYSE:MA – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 590 shares of the credit services provider’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth about $37,000. Western Pacific Wealth Management LP acquired a new stake in Mastercard during the fourth quarter worth about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in Mastercard during the fourth quarter worth about $42,000. American National Bank acquired a new stake in Mastercard during the first quarter worth about $46,000. Finally, Tortoise Investment Management LLC increased its position in Mastercard by 71.4% during the fourth quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.
NYSE MA opened at $316.15 on Thursday. The firm has a 50 day simple moving average of $344.96 and a 200-day simple moving average of $353.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a one year low of $303.65 and a one year high of $399.92. The firm has a market cap of $307.50 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.49 and a beta of 1.01.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be paid a $0.49 dividend. The ex-dividend date is Thursday, July 7th. This represents a $1.96 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio is currently 20.40%.
In related news, major shareholder Foundation Mastercard sold 106,330 shares of Mastercard stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.03, for a total value of $35,411,079.90. Following the completion of the transaction, the insider now owns 103,629,316 shares in the company, valued at $34,511,671,107.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. Insiders sold 327,543 shares of company stock valued at $108,482,025 in the last quarter. 0.33% of the stock is owned by insiders.
MA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $400.00 to $430.00 in a research report on Friday, April 29th. Barclays dropped their price target on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Citigroup dropped their price target on shares of Mastercard from $445.00 to $435.00 in a research report on Monday, April 25th. Finally, Piper Sandler cut shares of Mastercard from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $360.00 to $357.00 in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $422.94.
About Mastercard (Get Rating)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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