Daiwa Securities Group Inc. Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Daiwa Securities Group Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,114 shares of the credit services provider’s stock after purchasing an additional 6,822 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mastercard were worth $45,048,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC boosted its position in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP boosted its position in shares of Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC increased its position in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $487.06 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The business has a 50 day moving average price of $457.25 and a two-hundred day moving average price of $459.76. The firm has a market cap of $452.78 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders 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 payout ratio is currently 20.99%.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,051,467 shares of company stock worth $479,126,615. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MA shares. TD Cowen lifted their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a 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, August 20th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $510.88.

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.