Mastercard Incorporated (NYSE:MA) Shares Bought by New World Advisors LLC

New World Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 5.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,360 shares of the credit services provider’s stock after acquiring an additional 65 shares during the quarter. Mastercard accounts for approximately 0.2% of New World Advisors LLC’s holdings, making the stock its 21st largest holding. New World Advisors LLC’s holdings in Mastercard were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Hoxton Planning & Management LLC grew its stake in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC grew its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the period. Benin Management CORP increased its stake in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC raised its holdings in shares of Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Compass Point started coverage on shares of Mastercard in a research note on Wednesday. They set a “neutral” rating and a $525.00 price objective for the company. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on Mastercard from $500.00 to $526.00 and gave the stock 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 given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Stock Up 0.2 %

Shares of NYSE:MA traded up $0.73 during trading on Wednesday, reaching $482.85. 569,735 shares of the company traded hands, compared to its average volume of 2,438,152. The firm has a market cap of $446.08 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a fifty day simple moving average of $454.26 and a 200 day simple moving average of $459.24.

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 issued 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 20.99%.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 115,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $450.63, for a total transaction of $51,822,450.00. Following the transaction, the insider now owns 93,559,308 shares in the company, valued at $42,160,630,964.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,282,931 shares of company stock valued at $583,107,432. 0.10% of the stock is owned by corporate insiders.

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.