FAS Wealth Partners Inc. Purchases 71 Shares of Mastercard Incorporated (NYSE:MA)

FAS Wealth Partners Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 676 shares of the credit services provider’s stock after acquiring an additional 71 shares during the period. FAS Wealth Partners Inc.’s holdings in Mastercard were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $4,595,559,000. Swedbank AB bought a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. grew its stake 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 purchasing an additional 1,053,616 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 period. Finally, Capital International Investors grew its stake in shares of Mastercard by 3.3% in the 4th 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 during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 1.9 %

MA stock traded up $9.04 during trading hours on Thursday, reaching $480.84. 1,893,357 shares of the stock were exchanged, compared to its average volume of 2,448,630. The firm’s 50-day moving average is $452.07 and its 200-day moving average is $458.79. The company has a market cap of $447.00 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard Dividend Announcement

The business also recently disclosed 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 payout ratio is 20.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MA shares. Piper Sandler increased their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley decreased their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Citigroup increased their price target 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. increased their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $512.09.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The disclosure for this sale can be found here. Insiders sold 1,516,959 shares of company stock worth $686,890,426 in the last quarter. Corporate 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.