Mastercard Incorporated (NYSE:MA) Shares Acquired by KFG Wealth Management LLC

KFG Wealth Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,096 shares of the credit services provider’s stock after acquiring an additional 42 shares during the quarter. KFG Wealth Management LLC’s holdings in Mastercard were worth $484,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cross Staff Investments Inc increased its holdings in shares of Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 441 shares during the period. J.Safra Asset Management Corp increased its stake in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after purchasing an additional 33 shares during the period. Intech Investment Management LLC raised its holdings in shares of Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after buying an additional 3,306 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Mastercard by 13.8% during the fourth quarter. Lindbrook Capital LLC now owns 4,832 shares of the credit services provider’s stock worth $2,061,000 after buying an additional 585 shares during the period. Finally, Meritage Portfolio Management grew its holdings in Mastercard by 8.4% in the 4th 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. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction 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 approximately $12,423,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 131,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00. Following the completion of the transaction, the insider now owns 92,426,308 shares in the company, valued at approximately $42,466,191,473.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,627,175 shares of company stock valued at $730,399,436. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays boosted their price target on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. TD Cowen upped their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Evercore ISI lowered their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. BMO Capital Markets restated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $508.91.

Mastercard Trading Up 0.0 %

NYSE MA traded up $0.17 on Friday, hitting $468.88. 1,922,047 shares of the stock were exchanged, compared to its average volume of 2,490,054. The company’s 50-day moving average price is $448.57 and its two-hundred day moving average price is $458.23. The company 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. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week 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.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued 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 dividend payout ratio is currently 20.99%.

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.