Executive Wealth Management LLC Raises Position in Mastercard Incorporated (NYSE:MA)

Executive Wealth Management LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,369 shares of the credit services provider’s stock after buying an additional 225 shares during the period. Mastercard comprises 1.2% of Executive Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Executive Wealth Management LLC’s holdings in Mastercard were worth $6,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its stake in Mastercard by 8.3% during the 4th quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after acquiring an additional 241 shares during the period. Aveo Capital Partners LLC boosted its holdings in Mastercard by 8.8% in the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after purchasing an additional 116 shares during the last quarter. Gryphon Financial Partners LLC grew its position in Mastercard by 7.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after purchasing an additional 571 shares during the period. Navellier & Associates Inc. purchased a new stake in Mastercard during the 4th quarter valued at $833,000. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Mastercard by 32.4% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 885,292 shares of the credit services provider’s stock valued at $370,099,000 after buying an additional 216,461 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.8 %

MA stock opened at $492.11 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $492.88. The business has a 50 day simple moving average of $459.79 and a two-hundred day simple moving average of $460.28. The company has a market capitalization of $454.63 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid 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 0.54%. Mastercard’s payout ratio is 20.99%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Susquehanna upped their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated 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 owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 827,467 shares of company stock worth $379,595,815. Insiders own 0.10% of the company’s stock.

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.