Zullo Investment Group Inc. lifted its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,073 shares of the credit services provider’s stock after acquiring an additional 43 shares during the period. Zullo Investment Group Inc.’s holdings in Mastercard were worth $603,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. ORG Partners LLC raised its stake in shares of Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 295 shares in the last quarter. Ethos Financial Group LLC increased its position in Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares during the period. Fortis Advisors LLC increased its position in Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after buying an additional 75 shares during the period. Wheelhouse Advisory Group LLC increased its position in 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 buying an additional 56 shares during the period. Finally, Canandaigua National Trust Co of Florida increased its position in 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 worth $380,000 after buying an additional 185 shares during the period. 97.28% of the stock is owned by institutional investors.
Mastercard Price Performance
Shares of MA stock opened at $556.80 on Friday. The stock’s fifty day simple moving average is $581.01 and its 200 day simple moving average is $562.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.
Wall Street Analyst Weigh In
MA has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Robert W. Baird lifted their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.
Read Our Latest Stock Report on Mastercard
Insider Buying and Selling
In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
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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