Fragasso Financial Advisors Inc Buys 77 Shares of Mastercard Incorporated (NYSE:MA)

Fragasso Financial Advisors Inc raised its position in shares of Mastercard Incorporated (NYSE:MA) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,374 shares of the credit services provider’s stock after purchasing an additional 77 shares during the period. Fragasso Financial Advisors Inc’s holdings in Mastercard were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in shares of Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth about $27,000. VitalStone Financial LLC boosted its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Altshuler Shaham Ltd purchased a new position in Mastercard during the 4th quarter valued at about $26,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $28,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.4 %

MA traded up $6.28 during midday trading on Tuesday, reaching $448.28. 2,758,850 shares of the company’s stock traded hands, compared to its average volume of 2,524,933. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a fifty day moving average of $446.30 and a two-hundred day moving average of $457.11. The stock has a market capitalization of $416.73 billion, a price-to-earnings ratio of 35.63, a P/E/G 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. Investors of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MA shares. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Piper Sandler boosted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BNP Paribas upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $507.55.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 122,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $460.20, for a total value of $56,144,400.00. Following the completion of the transaction, the insider now owns 94,971,308 shares in the company, valued at $43,705,795,941.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders sold 2,328,367 shares of company stock valued at $1,050,535,876 over the last quarter. 0.10% of the stock is owned by company insiders.

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.