Norden Group LLC Has $4.08 Million Position in Mastercard Incorporated (NYSE:MA)

Norden Group LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 8.0% in the second quarter, HoldingsChannel.com reports. The fund owned 9,247 shares of the credit services provider’s stock after selling 805 shares during the quarter. Mastercard accounts for approximately 0.8% of Norden Group LLC’s portfolio, making the stock its 27th biggest holding. Norden Group LLC’s holdings in Mastercard were worth $4,080,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. VitalStone Financial LLC lifted its stake in 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. Westend Capital Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Scarborough Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. Piper Sandler increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Trading Down 0.3 %

NYSE:MA traded down $1.24 during mid-day trading on Friday, hitting $476.12. 2,116,234 shares of the company’s stock were exchanged, compared to its average volume of 2,444,963. The company has a 50 day simple moving average of $456.26 and a 200-day simple moving average of $459.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm has a market capitalization of $442.61 billion, a P/E ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10.

Mastercard Announces Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 113,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $447.85, for a total value of $50,607,050.00. Following the transaction, the insider now owns 93,446,308 shares in the company, valued at approximately $41,849,929,037.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 113,000 shares of Mastercard stock in a transaction on Monday, June 10th. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the completion of the sale, the insider now owns 93,446,308 shares of the company’s stock, valued at approximately $41,849,929,037.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,167,931 shares of company stock worth $531,284,982. Company insiders own 0.10% of the company’s stock.

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.