Mastercard Incorporated (NYSE:MA) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,106 shares of the credit services provider’s stock after selling 97 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mastercard were worth $5,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in shares of Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at $27,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Mastercard during the fourth quarter worth $26,000. Finally, Scarborough Advisors LLC acquired a new position in Mastercard during the fourth quarter valued at $28,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the transaction, the insider now directly owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,959 shares of company stock valued at $686,890,426. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MA has been the topic of a number of recent research reports. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Evercore ISI lowered their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Barclays boosted their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Buy” and an average price target of $512.09.

Mastercard Trading Up 0.5 %

Shares of MA stock traded up $2.54 during trading hours on Friday, hitting $483.34. The company had a trading volume of 2,982,115 shares, compared to its average volume of 2,451,809. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The company’s fifty day moving average is $452.63 and its 200 day moving average is $458.94. The stock has a market capitalization of $449.32 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard Announces Dividend

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

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.