Mastercard Incorporated (NYSE:MA) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 5.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 634 shares of the credit services provider’s stock after selling 39 shares during the period. HHM Wealth Advisors LLC’s holdings in Mastercard were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MA. Evernest Financial Advisors LLC boosted its holdings in shares of Mastercard by 1.6% during the 2nd quarter. Evernest Financial Advisors LLC now owns 3,538 shares of the credit services provider’s stock worth $1,561,000 after purchasing an additional 55 shares during the last quarter. AdvisorShares Investments LLC lifted its stake in shares of Mastercard by 5.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,007 shares of the credit services provider’s stock valued at $441,000 after purchasing an additional 51 shares during the last quarter. America First Investment Advisors LLC grew its holdings in shares of Mastercard by 2.0% during the 2nd quarter. America First Investment Advisors LLC now owns 45,073 shares of the credit services provider’s stock worth $19,885,000 after purchasing an additional 902 shares during the period. Biltmore Family Office LLC increased its position in shares of Mastercard by 9.9% during the second quarter. Biltmore Family Office LLC now owns 2,864 shares of the credit services provider’s stock valued at $1,263,000 after acquiring an additional 257 shares during the last quarter. Finally, South Street Advisors LLC raised its stake in shares of Mastercard by 0.7% in the 2nd quarter. South Street Advisors LLC now owns 17,728 shares of the credit services provider’s stock valued at $7,821,000 after acquiring an additional 127 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $488.02 on Wednesday. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The stock has a market cap of $453.67 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 1.87 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. The company’s 50-day moving average price is $458.12 and its 200 day moving average price is $459.86.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analysts Set New Price Targets

Several analysts recently weighed in on MA shares. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Evercore ISI reduced 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. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Finally, BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 943,467 shares of company stock valued at $431,056,895. Corporate insiders own 0.10% of the company’s stock.

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.