Auxano Advisors LLC Has $716,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Auxano Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA) by 5.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,622 shares of the credit services provider’s stock after purchasing an additional 78 shares during the period. Auxano Advisors LLC’s holdings in Mastercard were worth $716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the fourth quarter worth about $26,000. VitalStone Financial LLC boosted its holdings in shares of Mastercard by 300.0% in 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 during the period. Westend Capital Management LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the transaction, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,516,959 shares of company stock valued at $686,890,426. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE:MA traded up $2.54 on Friday, hitting $483.34. 2,982,115 shares of the company were exchanged, compared to its average volume of 2,062,331. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day moving average price is $453.20 and its two-hundred day moving average price is $459.10. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The firm has a market capitalization of $446.53 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.90 and a beta of 1.09.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on MA. Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Barclays increased their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler increased their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, BNP Paribas raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. Three investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus 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.