Dakota Wealth Management Increases Position in Mastercard Incorporated (NYSE:MA)

Dakota Wealth Management raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,563 shares of the credit services provider’s stock after buying an additional 119 shares during the period. Dakota Wealth Management’s holdings in Mastercard were worth $5,542,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MA. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $26,000. VitalStone Financial LLC boosted its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MA shares. KeyCorp boosted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. 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 company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and an average price target of $512.09.

Mastercard Stock Performance

NYSE:MA traded up $1.42 during mid-day trading on Tuesday, hitting $468.40. The company’s stock had a trading volume of 605,705 shares, compared to its average volume of 2,473,282. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year 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. The stock has a market cap of $435.43 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.82 and a beta of 1.09. The business’s fifty day moving average is $448.92 and its two-hundred day moving average is $458.27.

Mastercard Announces Dividend

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

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the sale, the insider now directly 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 SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the sale, 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. Over the last three months, insiders have sold 1,638,175 shares of company stock valued at $736,767,496. 0.10% of the stock is owned by insiders.

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.