Mastercard Incorporated (NYSE:MA) Shares Sold by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,466 shares of the credit services provider’s stock after selling 43 shares during the quarter. Mastercard comprises 4.1% of Wisconsin Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Wisconsin Capital Management LLC’s holdings in Mastercard were worth $8,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC increased its position in 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 purchasing an additional 45 shares during the period. Westend Capital Management LLC bought a new stake in Mastercard during the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded up $2.54 on Monday, hitting $483.34. The company’s stock had a trading volume of 2,982,100 shares, compared to its average volume of 2,451,811. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The stock has a fifty day moving average of $453.20 and a two-hundred day moving average of $459.06. The firm has a market capitalization of $446.53 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09.

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 paid 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 yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. 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 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of 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 a total of 1,406,959 shares of company stock valued at $638,333,126 in the last three months. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. KeyCorp increased their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Susquehanna increased their target price 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 investment 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.com, the stock has a consensus rating of “Buy” and a consensus price target of $512.09.

About Mastercard

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.