Accredited Investors Inc. Buys 161 Shares of Mastercard Incorporated (NYSE:MA)

Accredited Investors Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 30.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 687 shares of the credit services provider’s stock after buying an additional 161 shares during the quarter. Accredited Investors Inc.’s holdings in Mastercard were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cross Staff Investments Inc grew its position in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the last quarter. J.Safra Asset Management Corp grew its position in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares in the last quarter. Intech Investment Management LLC grew its position in Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after buying an additional 3,306 shares in the last quarter. Lindbrook Capital LLC grew its position in 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 in the last quarter. Finally, Meritage Portfolio Management grew its position 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. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.4 %

Mastercard stock traded down $2.04 during midday trading on Monday, reaching $466.84. The stock had a trading volume of 1,690,840 shares, compared to its average volume of 2,485,028. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a market capitalization of $433.98 billion, a P/E ratio of 37.11, a PEG ratio of 1.82 and a beta of 1.09. The company has a fifty day moving average price of $448.92 and a two-hundred day moving average price of $458.27. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors 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 0.57%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MA. Barclays increased 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. KeyCorp increased their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and cut their target price for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. TD Cowen upped their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. 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. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average target price of $508.91.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00. Following the completion of the sale, the insider now directly owns 94,863,308 shares of the company’s stock, valued at approximately $43,372,453,050.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00. Following the sale, the insider now directly owns 94,863,308 shares of the company’s stock, valued at $43,372,453,050.68. The disclosure for this sale can be found here. Insiders sold 1,746,175 shares of company stock valued at $786,146,176 in the last three months. 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.