Parallel Advisors LLC Sells 1,086 Shares of Mastercard Incorporated (NYSE:MA)

Parallel Advisors LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,877 shares of the credit services provider’s stock after selling 1,086 shares during the quarter. Parallel Advisors LLC’s holdings in Mastercard were worth $18,033,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MA. Westend Capital Management LLC bought a new position in shares of Mastercard in the first quarter valued at about $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $30,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Mastercard stock opened at $493.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock’s 50 day moving average is $460.67 and its 200-day moving average is $460.41. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $496.85. The company has a market capitalization of $458.63 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Evercore ISI dropped 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. Citigroup raised their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. KeyCorp lifted their price target 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. Finally, Barclays raised their price objective on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Buying and Selling

In other 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 transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the 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 approximately $42,965,195,590.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 $12,423,320. The disclosure for this sale can be found here. Over the last three months, insiders have sold 827,467 shares of company stock valued at $379,595,815. 0.10% of the stock is owned by company insiders.

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.