Hudson Valley Investment Advisors Inc. ADV Sells 38 Shares of Mastercard Incorporated (NYSE:MA)

Hudson Valley Investment Advisors Inc. ADV reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,046 shares of the credit services provider’s stock after selling 38 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Mastercard were worth $441,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MA. Hoxton Planning & Management LLC lifted its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC lifted its position in shares of Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP lifted its position in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the period. Atticus Wealth Management LLC lifted its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC lifted 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 valued at $3,314,000 after acquiring an additional 23 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Mastercard stock traded down $20.02 during mid-day trading on Monday, hitting $442.00. 4,461,820 shares of the company were exchanged, compared to its average volume of 2,523,328. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The business has a fifty day moving average of $446.48 and a 200 day moving average of $457.03. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a market capitalization of $410.89 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the transaction, the insider now owns 3,463 shares in the company, valued at $1,572,202. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now owns 3,463 shares in the company, valued at $1,572,202. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,314,928 shares of company stock worth $1,044,421,131. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MA shares. Robert W. Baird upped their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Piper Sandler increased their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Evercore ISI dropped their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $507.27.

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.