Mid American Wealth Advisory Group Inc. purchased a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 67 shares of the credit services provider’s stock, valued at approximately $38,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC raised its stake in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares during the last quarter. Ethos Financial Group LLC grew its holdings in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the period. Wheelhouse Advisory Group LLC raised its position in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after acquiring an additional 56 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its stake in shares of Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Mastercard by 4.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Stock Performance
MA opened at $566.35 on Tuesday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $511.99 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.30 and a beta of 0.97. The company’s fifty day moving average price is $580.07 and its two-hundred day moving average price is $564.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.
Mastercard Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on MA shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $634.04.
Get Our Latest Stock Report on Mastercard
Insider Buying and Selling at Mastercard
In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.
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.
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