Commonwealth Retirement Investments LLC Buys 338 Shares of Mastercard Incorporated (NYSE:MA)

Commonwealth Retirement Investments LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,048 shares of the credit services provider’s stock after purchasing an additional 338 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Mastercard were worth $1,345,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MA. Norges Bank bought a new position in Mastercard in the 4th quarter valued at about $4,595,559,000. Swedbank AB bought a new position in Mastercard in the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its position in Mastercard by 145.6% during the second 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. boosted its holdings in shares of Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,167,931 shares of company stock worth $531,284,982. 0.10% of the stock is owned by insiders.

Mastercard Trading Down 0.2 %

NYSE MA opened at $476.28 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $442.76 billion, a P/E ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. The business has a fifty day simple moving average of $456.26 and a 200 day simple moving average of $459.59. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Evercore ISI lowered their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Citigroup increased their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BNP Paribas downgraded shares of 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. Finally, KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

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.