Mastercard Incorporated (NYSE:MA) Shares Bought by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lifted its position in Mastercard Incorporated (NYSE:MA) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,579 shares of the credit services provider’s stock after buying an additional 507 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Mastercard were worth $1,579,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares in the last quarter. Capital International Investors raised its holdings in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares in the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 0.3% in the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after acquiring an additional 43,881 shares during the last quarter. Norges Bank acquired a new position in Mastercard during the 4th quarter worth approximately $4,595,559,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mastercard by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock valued at $1,989,875,000 after purchasing an additional 107,953 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the sale, the insider now directly owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction 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 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 the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,959 shares of company stock worth $686,890,426 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

NYSE:MA traded up $2.54 during midday trading on Friday, reaching $483.34. The stock had a trading volume of 2,982,115 shares, compared to its average volume of 2,062,331. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $446.53 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 1.09. The firm has a fifty day simple moving average of $453.20 and a two-hundred day simple moving average of $459.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. Royal Bank of Canada boosted their target price 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. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Piper Sandler raised their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $512.09.

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.