One Wealth Management Investment & Advisory Services LLC Buys 69 Shares of Mastercard Incorporated (NYSE:MA)

One Wealth Management Investment & Advisory Services LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,225 shares of the credit services provider’s stock after acquiring an additional 69 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Mastercard were worth $1,423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its stake in shares of Mastercard by 9.3% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 82,559 shares of the credit services provider’s stock worth $36,422,000 after acquiring an additional 7,056 shares during the last quarter. Intelligence Driven Advisers LLC lifted its position in shares of Mastercard by 5.3% during the second quarter. Intelligence Driven Advisers LLC now owns 2,924 shares of the credit services provider’s stock worth $1,290,000 after purchasing an additional 148 shares during the last quarter. Patron Partners LLC lifted its position in Mastercard by 0.9% during the second quarter. Patron Partners LLC now owns 4,692 shares of the credit services provider’s stock valued at $2,070,000 after acquiring an additional 41 shares during the last quarter. Commonwealth Retirement Investments LLC lifted its position in Mastercard by 12.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 3,048 shares of the credit services provider’s stock valued at $1,345,000 after acquiring an additional 338 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Mastercard by 8.1% during the second quarter. Sivia Capital Partners LLC now owns 1,686 shares of the credit services provider’s stock valued at $744,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Citigroup lifted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the sale, the insider now owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the 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 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. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA traded down $1.24 during mid-day trading on Friday, hitting $476.12. 2,116,234 shares of the company were exchanged, compared to its average volume of 2,444,963. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average of $456.26 and a 200-day moving average of $459.59. The stock has a market cap of $442.61 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.

Mastercard Dividend Announcement

The business 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. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

About Mastercard

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.