Traynor Capital Management Inc. Acquires 34 Shares of Mastercard Incorporated (NYSE:MA)

Traynor Capital Management Inc. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 453 shares of the credit services provider’s stock after acquiring an additional 34 shares during the period. Traynor Capital Management Inc.’s holdings in Mastercard were worth $200,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Westend Capital Management LLC bought a new position in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC raised its stake 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 valued at $26,000 after acquiring an additional 45 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.5 %

MA traded down $2.38 during trading on Friday, hitting $466.44. The company had a trading volume of 1,986,348 shares, compared to its average volume of 2,469,403. The company has a market capitalization of $433.61 billion, a PE ratio of 37.08, a PEG ratio of 1.82 and a beta of 1.09. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The firm’s 50-day moving average price is $450.73 and its 200 day moving average price is $458.54. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the sale, the insider now directly owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,733,175 shares of company stock valued at $782,773,546. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MA. TD Cowen lifted their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $512.09.

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.