Boomfish Wealth Group LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Boomfish Wealth Group LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,521 shares of the credit services provider’s stock after buying an additional 32 shares during the quarter. Mastercard accounts for 1.6% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 21st biggest position. Boomfish Wealth Group LLC’s holdings in Mastercard were worth $2,436,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hoxton Planning & Management LLC increased its position in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its position in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Atticus Wealth Management LLC grew its holdings in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the period. Finally, Strategic Advisors LLC grew its holdings in Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.17 during trading on Friday, reaching $468.88. The stock had a trading volume of 1,922,047 shares, compared to its average volume of 2,490,054. 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 quick ratio of 1.09 and a current ratio of 1.14. The stock has a market cap of $435.88 billion, a PE ratio of 37.27, a P/E/G ratio of 1.82 and a beta of 1.09. The firm’s 50 day moving average price is $448.57 and its two-hundred day moving average price is $458.17.

Mastercard Dividend Announcement

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

Insider Activity

In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. 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 the company’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 in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,627,175 shares of company stock worth $730,399,436. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Mizuho reduced their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Citigroup lifted their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $508.91.

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.