Harvest Fund Management Co. Ltd decreased its position in Mastercard Incorporated (NYSE:MA – Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,064 shares of the credit services provider’s stock after selling 973 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Mastercard were worth $1,597,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MA. Aspire Private Capital LLC acquired a new position in Mastercard in the first quarter worth about $18,897,320,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 1st quarter worth approximately $25,000. Financial Connections Group Inc. bought a new position in shares of Mastercard during the 4th quarter worth approximately $25,000. Graham Capital Wealth Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $268,923,000. Finally, Delta Asset Management LLC TN bought a new stake in Mastercard in the fourth quarter valued at $26,000. Institutional investors own 74.94% of the company’s stock.
Mastercard Price Performance
Shares of MA opened at $413.35 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. The stock has a market cap of $389.46 billion, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The stock’s 50-day moving average price is $401.06 and its two-hundred day moving average price is $380.95. Mastercard Incorporated has a 1 year low of $276.87 and a 1 year high of $418.60.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, July 6th. This represents a $2.28 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 21.37%.
Insider Buying and Selling at Mastercard
In related news, insider Hai Ling sold 3,324 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the completion of the sale, the insider now directly owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO J. Mehra Sachin sold 6,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $413.65, for a total transaction of $2,481,900.00. Following the completion of the transaction, the chief financial officer now directly owns 20,707 shares in the company, valued at $8,565,450.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hai Ling sold 3,324 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $415.00, for a total value of $1,379,460.00. Following the completion of the sale, the insider now owns 17,577 shares in the company, valued at approximately $7,294,455. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 407,267 shares of company stock valued at $161,485,243. Company insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MA. Morgan Stanley lifted their price objective on Mastercard from $440.00 to $443.00 in a report on Friday, July 28th. Susquehanna boosted their price target on shares of Mastercard from $433.00 to $486.00 and gave the company a “positive” rating in a research report on Friday, July 28th. Mizuho reaffirmed a “buy” rating and set a $435.00 price objective on shares of Mastercard in a research note on Tuesday, August 29th. Robert W. Baird lifted their target price on shares of Mastercard from $435.00 to $450.00 in a research note on Friday, July 28th. Finally, Citigroup increased their price target on Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $442.83.
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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