Pure Financial Advisors LLC Acquires 50 Shares of Mastercard Incorporated (NYSE:MA)

Pure Financial Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 979 shares of the credit services provider’s stock after acquiring an additional 50 shares during the quarter. Pure Financial Advisors LLC’s holdings in Mastercard were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in Mastercard during the fourth quarter valued at approximately $26,000. VitalStone Financial LLC boosted its position in shares of 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 in the last quarter. Westend Capital Management LLC purchased a new position in Mastercard during the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at about $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE MA traded up $0.17 during trading hours on Friday, reaching $468.88. The company’s stock had a trading volume of 1,922,047 shares, compared to its average volume of 2,490,054. The firm has a market capitalization of $435.88 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 1.82 and a beta of 1.09. The company’s 50-day moving average is $448.57 and its two-hundred day moving average is $458.08. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard Dividend Announcement

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

Insider Activity

In related news, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders have sold 1,627,175 shares of company stock worth $730,399,436 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Evercore ISI dropped their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $508.91.

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.