Fulton Breakefield Broenniman LLC bought a new stake in Mastercard Inc (NYSE:MA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,476 shares of the credit services provider’s stock, valued at approximately $401,000.
A number of other large investors have also recently modified their holdings of the stock. DeDora Capital Inc. lifted its holdings in Mastercard by 4.4% in the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after acquiring an additional 203 shares during the period. Smith Asset Management Group LP purchased a new stake in shares of Mastercard during the 2nd quarter worth about $18,541,000. Dearborn Partners LLC lifted its position in Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc lifted its position in Mastercard by 1.2% during the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after acquiring an additional 755 shares in the last quarter. Finally, Brightworth lifted its position in Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after acquiring an additional 599 shares in the last quarter. 74.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MA traded up $2.10 during mid-day trading on Friday, hitting $274.89. 2,200,430 shares of the company traded hands, compared to its average volume of 3,524,577. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The stock has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average of $272.40 and a two-hundred day moving average of $267.53.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.
Several equities analysts recently commented on the company. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Citigroup upped their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research report on Monday, September 9th. UBS Group upped their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Nomura upped their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $303.45.
In other news, Director Richard K. Davis bought 1,735 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now directly owns 6,031 shares in the company, valued at approximately $1,628,912.79. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the transaction, the insider now directly owns 112,030,712 shares in the company, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,080 shares of company stock valued at $27,149,356. Company insiders own 3.70% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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