Mastercard Incorporated (NYSE:MA) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,717 shares of the credit services provider’s stock after acquiring an additional 402 shares during the period. Everhart Financial Group Inc.’s holdings in Mastercard were worth $1,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Cross Staff Investments Inc raised its holdings in shares of Mastercard by 16.3% during 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 buying an additional 441 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares during the last quarter. 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. Meritage Portfolio Management raised its holdings in shares of Mastercard by 8.4% during the fourth quarter. Meritage Portfolio Management now owns 40,951 shares of the credit services provider’s stock valued at $17,466,000 after buying an additional 3,172 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of Mastercard by 0.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 62,553 shares of the credit services provider’s stock valued at $26,680,000 after buying an additional 438 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.5 %

NYSE:MA traded down $2.38 during trading hours on Friday, hitting $466.44. 1,813,517 shares of the stock traded hands, compared to its average volume of 2,469,403. The firm has a 50 day moving average price of $450.73 and a 200 day moving average price of $458.54. 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 Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm has a market cap of $433.61 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted 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. BNP Paribas raised Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $512.09.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 107,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $444.04, for a total value of $47,512,280.00. Following the transaction, the insider now directly owns 94,441,308 shares of the company’s stock, valued at $41,935,718,404.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction on 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 transaction, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 107,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $444.04, for a total transaction of $47,512,280.00. Following the transaction, the insider now directly owns 94,441,308 shares in the company, valued at $41,935,718,404.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,733,175 shares of company stock valued at $782,773,546 in the last three months. 0.10% of the stock is currently owned by company 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.