Family Firm Inc. Invests $78,000 in Mastercard Incorporated (NYSE:MA)

Family Firm Inc. bought a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 177 shares of the credit services provider’s stock, valued at approximately $78,000.

Several other hedge funds have also modified their holdings of MA. Zweig DiMenna Associates LLC lifted its holdings in Mastercard by 33.3% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 10,000 shares of the credit services provider’s stock worth $4,412,000 after buying an additional 2,500 shares in the last quarter. Grove Bank & Trust increased its position in shares of Mastercard by 5.0% during the second quarter. Grove Bank & Trust now owns 8,732 shares of the credit services provider’s stock worth $3,852,000 after acquiring an additional 413 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Mastercard by 14.7% in the second quarter. Retirement Systems of Alabama now owns 378,777 shares of the credit services provider’s stock worth $167,101,000 after acquiring an additional 48,580 shares in the last quarter. Processus Wealth & Capital Management LLC boosted its holdings in Mastercard by 2.1% in the second quarter. Processus Wealth & Capital Management LLC now owns 10,500 shares of the credit services provider’s stock valued at $4,632,000 after purchasing an additional 219 shares during the last quarter. Finally, Horizon Bancorp Inc. IN grew its stake in Mastercard by 9.9% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 1,018 shares of the credit services provider’s stock valued at $449,000 after purchasing an additional 92 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. BNP Paribas raised Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $512.09.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The disclosure for this sale can be found here. Insiders sold 1,733,175 shares of company stock worth $782,773,546 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.5 %

Shares of MA stock opened at $466.44 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The firm has a market capitalization of $433.61 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The stock has a fifty day moving average of $450.73 and a two-hundred day moving average of $458.53. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s 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.