BBR Partners LLC Sells 2,607 Shares of Mastercard Incorporated (NYSE:MA)

BBR Partners LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 20.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,919 shares of the credit services provider’s stock after selling 2,607 shares during the quarter. Mastercard comprises about 0.4% of BBR Partners LLC’s investment portfolio, making the stock its 29th biggest position. BBR Partners LLC’s holdings in Mastercard were worth $4,376,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MA. Westend Capital Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the first quarter worth $27,000. VitalStone Financial LLC raised its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard during the fourth quarter valued at $30,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

MA opened at $477.36 on Friday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The business’s fifty day simple moving average is $455.56 and its 200-day simple moving average is $459.53. The company has a market capitalization of $443.76 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 1.90 and a beta of 1.10. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.66 dividend. 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 is currently 20.99%.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the 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 sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,551,317.76. Following the transaction, the insider now owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,167,931 shares of company stock valued at $531,284,982. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MA. KeyCorp lifted their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Susquehanna boosted their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $510.88.

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.