Silver Lake Advisory LLC Buys New Holdings in Mastercard Incorporated (NYSE:MA)

Silver Lake Advisory LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,355 shares of the credit services provider’s stock, valued at approximately $1,480,000.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital International Investors lifted its holdings in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares during the period. Capital Research Global Investors lifted its holdings in Mastercard by 0.3% in the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after acquiring an additional 43,881 shares during the period. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at approximately $4,595,559,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mastercard by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock valued at $1,989,875,000 after acquiring an additional 107,953 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MA shares. Citigroup upped their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays upped their target price on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday. Mizuho reduced their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Three equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $508.91.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold 1,627,175 shares of company stock valued at $730,399,436 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.0 %

MA traded up $0.17 during mid-day trading on Friday, hitting $468.88. 1,917,535 shares of the stock were exchanged, compared to its average volume of 2,490,054. The firm’s fifty day moving average is $448.57 and its two-hundred day moving average is $458.08. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The company has a market cap of $435.88 billion, a PE ratio of 37.27, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given 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 currently 20.99%.

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.