Mastercard Incorporated (NYSE:MA) Stock Holdings Lessened by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,627 shares of the credit services provider’s stock after selling 161 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Mastercard were worth $718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cross Staff Investments Inc lifted its stake 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 worth $1,343,000 after purchasing an additional 441 shares during the period. J.Safra Asset Management Corp increased its stake in 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 acquiring an additional 33 shares during the period. Intech Investment Management LLC increased its position in shares of Mastercard by 15.6% in the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after purchasing an additional 3,306 shares during the period. Lindbrook Capital LLC raised its stake in Mastercard by 13.8% in the fourth quarter. Lindbrook Capital LLC now owns 4,832 shares of the credit services provider’s stock valued at $2,061,000 after purchasing an additional 585 shares in the last quarter. Finally, Meritage Portfolio Management grew its stake in Mastercard by 8.4% during the fourth quarter. Meritage Portfolio Management now owns 40,951 shares of the credit services provider’s stock worth $17,466,000 after buying an additional 3,172 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 1.9 %

Shares of NYSE:MA traded up $8.55 during trading on Thursday, hitting $468.71. The company had a trading volume of 1,953,398 shares, compared to its average volume of 2,492,545. Mastercard Incorporated has a one year low of $359.77 and a one year 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 stock has a market cap of $435.72 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a fifty day simple moving average of $447.79 and a two-hundred day simple moving average of $457.81.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MA. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Susquehanna upped their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $508.91.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,749,175 shares of company stock valued at $786,543,836. Corporate insiders own 0.10% of the company’s stock.

Mastercard 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.