Sustainable Insight Capital Management LLC Buys 77 Shares of Mastercard Incorporated (NYSE:MA)

Sustainable Insight Capital Management LLC increased its position in Mastercard Incorporated (NYSE:MA) by 13.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667 shares of the credit services provider’s stock after purchasing an additional 77 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Mastercard were worth $294,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth approximately $4,595,559,000. Swedbank AB purchased a new stake in Mastercard in the first quarter worth approximately $660,652,000. PineStone Asset Management Inc. grew its position in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the period. Vanguard Group Inc. raised its stake in Mastercard by 1.0% during 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 buying an additional 742,076 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Mastercard by 3.3% during 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 buying an additional 676,452 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 113,000 shares of Mastercard stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $447.85, for a total value of $50,607,050.00. Following the sale, the insider now owns 93,446,308 shares of the company’s stock, valued at approximately $41,849,929,037.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 113,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $41,849,929,037.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,167,931 shares of company stock valued at $531,284,982. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MA. TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Piper Sandler upped their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Stock Performance

Shares of NYSE MA opened at $476.28 on Friday. The firm’s fifty day moving average is $456.26 and its two-hundred day moving average is $459.59. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market cap of $442.76 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Dividend Announcement

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

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.