Callan Family Office LLC Acquires 341 Shares of Mastercard Incorporated (NYSE:MA)

Callan Family Office LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 44.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,105 shares of the credit services provider’s stock after acquiring an additional 341 shares during the quarter. Callan Family Office LLC’s holdings in Mastercard were worth $487,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Mastercard during the fourth quarter worth about $26,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new stake in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard during the first quarter worth about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth about $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MA shares. Mizuho reduced their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI reduced their price target 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. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley reduced their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $512.09.

Mastercard Trading Up 0.5 %

Mastercard stock traded up $2.20 during mid-day trading on Monday, hitting $468.64. 1,426,371 shares of the stock were exchanged, compared to its average volume of 2,463,089. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The firm’s fifty day simple moving average is $451.14 and its two-hundred day simple moving average is $458.58. The stock has a market capitalization of $435.65 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard Announces Dividend

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

Insider Activity

In other news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold 1,733,175 shares of company stock worth $782,773,546 in the last quarter. 0.10% of the stock is owned by corporate 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.