Americana Partners LLC Acquires 602 Shares of Mastercard Incorporated (NYSE:MA)

Americana Partners LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 15.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,595 shares of the credit services provider’s stock after purchasing an additional 602 shares during the period. Americana Partners LLC’s holdings in Mastercard were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the fourth quarter worth $26,000. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% during the 4th 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 Mastercard during the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the 1st quarter worth about $27,000. Finally, Scarborough Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at about $28,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.5 %

Shares of NYSE:MA traded up $2.54 on Friday, reaching $483.34. 2,982,115 shares of the company traded hands, compared to its average volume of 2,451,809. The stock has a market capitalization of $449.32 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The business’s 50-day simple moving average is $453.20 and its 200 day simple moving average is $459.11. 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 52 week low of $359.77 and a 52 week high of $490.00.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given 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 yield of 0.55%. Mastercard’s payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. KeyCorp boosted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler lifted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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, the company presently has a consensus rating of “Buy” and a consensus price target of $512.09.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 110,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders have sold 1,516,959 shares of company stock valued at $686,890,426 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Company 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.