Mastercard Incorporated (NYSE:MA) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,534 shares of the credit services provider’s stock after selling 26 shares during the period. Premier Path Wealth Partners LLC’s holdings in Mastercard were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in MA. Norges Bank purchased a new position in Mastercard during the 4th quarter worth approximately $4,595,559,000. Swedbank AB purchased a new position in shares of Mastercard during the first quarter worth approximately $660,652,000. PineStone Asset Management Inc. increased its holdings in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after acquiring an additional 1,053,616 shares during the period. Vanguard Group Inc. raised its position in Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Finally, Capital International Investors grew its position in Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock traded down $2.38 during trading hours on Friday, hitting $466.44. The company’s stock had a trading volume of 1,813,517 shares, compared to its average volume of 2,469,403. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The business has a fifty day moving average of $450.73 and a 200-day moving average of $458.54. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock has a market cap of $433.61 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 1.82 and a beta of 1.09.

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 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. KeyCorp upped their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Finally, Evercore ISI cut their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $512.09.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,733,175 shares of company stock valued at $782,773,546. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.