Mastercard Incorporated (NYSE:MA) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,081 shares of the credit services provider’s stock after selling 374 shares during the period. Mastercard makes up about 4.4% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 7th largest position. Nichols & Pratt Advisers LLP MA’s holdings in Mastercard were worth $65,769,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MA. Hoxton Planning & Management LLC grew its position in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP boosted its stake in shares of 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 during the last quarter. Atticus Wealth Management LLC grew its holdings in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after buying an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC boosted its position in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after acquiring an additional 23 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of MA stock traded down $2.38 on Friday, hitting $466.44. 1,986,348 shares of the company’s stock were exchanged, compared to its average volume of 2,469,403. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month 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 company has a 50 day moving average of $450.73 and a 200 day moving average of $458.53. The stock has a market cap of $433.61 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Susquehanna lifted their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. KeyCorp upped their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $512.09.

Insider Activity

In other news, insider Raj Seshadri sold 5,216 shares of Mastercard 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 sale, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now directly owns 15,183 shares in the company, valued at $6,782,397.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,733,175 shares of company stock worth $782,773,546. 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.