Mastercard Incorporated (NYSE:MA) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its stake in Mastercard Incorporated (NYSE:MA) by 30.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,519 shares of the credit services provider’s stock after purchasing an additional 3,645 shares during the period. Meeder Advisory Services Inc.’s holdings in Mastercard were worth $6,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Mastercard in the fourth quarter valued at approximately $4,595,559,000. Swedbank AB purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its holdings in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were 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 in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 107,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $445.98, for a total transaction of $47,719,860.00. Following the completion of the sale, the insider now directly owns 92,891,308 shares in the company, valued at approximately $41,427,665,541.84. The disclosure for this sale can be found here. Insiders sold 827,467 shares of company stock worth $379,595,815 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MA. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Finally, Piper Sandler boosted their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Stock Up 0.8 %

Mastercard stock opened at $492.11 on Friday. The stock’s 50 day moving average price is $459.79 and its 200 day moving average price is $460.28. The company has a market cap of $454.63 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 20.99%.

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.