Fiduciary Alliance LLC Grows Stake in Mastercard Incorporated (NYSE:MA)

Fiduciary Alliance LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 58.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,263 shares of the credit services provider’s stock after purchasing an additional 467 shares during the quarter. Fiduciary Alliance LLC’s holdings in Mastercard were worth $562,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cross Staff Investments Inc boosted its position in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares in the last quarter. J.Safra Asset Management Corp grew its stake in shares of Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the period. Fortune Financial Advisors LLC lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock valued at $3,350,000 after purchasing an additional 339 shares during the period. Intech Investment Management LLC boosted its holdings in Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after buying an additional 3,306 shares in the last quarter. Finally, Dearborn Partners LLC raised its position in shares of Mastercard by 8.9% in the fourth quarter. Dearborn Partners LLC now owns 109,161 shares of the credit services provider’s stock worth $46,558,000 after acquiring an additional 8,955 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,362,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 2,177,067 shares of company stock valued at $982,064,626 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Up 0.3 %

MA stock traded up $1.54 during midday trading on Wednesday, reaching $449.84. 2,041,165 shares of the company were exchanged, compared to its average volume of 2,521,852. The stock’s 50-day simple moving average is $446.36 and its 200 day simple moving average is $457.19. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market cap of $418.18 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Evercore ISI dropped their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. KeyCorp increased their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $507.55.

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.