Stonebrook Private Inc. Buys 91 Shares of Mastercard Incorporated (NYSE:MA)

Stonebrook Private Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,556 shares of the credit services provider’s stock after purchasing an additional 91 shares during the period. Stonebrook Private Inc.’s holdings in Mastercard were worth $687,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Westend Capital Management LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. VitalStone Financial LLC boosted its holdings in shares of Mastercard by 300.0% during the 4th 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 during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

Shares of NYSE MA traded down $1.24 during mid-day trading on Friday, reaching $476.12. 2,116,234 shares of the company’s stock were exchanged, compared to its average volume of 2,444,963. The firm has a market capitalization of $442.61 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company’s 50-day moving average is $456.26 and its 200-day moving average is $459.59. 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 business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity

In other news, insider Raj Seshadri sold 3,464 shares of the firm’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 in the company, valued at $6,151,530.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $1,551,317.76. Following the transaction, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. 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 note on Tuesday, June 25th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Five equities 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, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

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.