Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 32.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,322 shares of the credit services provider’s stock after buying an additional 1,063 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Mastercard were worth $1,907,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MA. Milestone Asset Management LLC raised its position in Mastercard by 11.9% during the second quarter. Milestone Asset Management LLC now owns 731 shares of the credit services provider’s stock valued at $323,000 after acquiring an additional 78 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Mastercard by 3.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,072 shares of the credit services provider’s stock worth $11,943,000 after purchasing an additional 810 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Mastercard by 12.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,843 shares of the credit services provider’s stock valued at $6,548,000 after purchasing an additional 1,635 shares in the last quarter. Nvest Financial LLC lifted its stake in shares of Mastercard by 7.0% in the 2nd quarter. Nvest Financial LLC now owns 969 shares of the credit services provider’s stock valued at $427,000 after purchasing an additional 63 shares during the last quarter. Finally, Western Wealth Management LLC increased its position in Mastercard by 4.0% during the second quarter. Western Wealth Management LLC now owns 10,663 shares of the credit services provider’s stock worth $4,704,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $457.21, for a total value of $49,378,680.00. Following the completion of the transaction, the insider now directly owns 94,863,308 shares of the company’s stock, valued at approximately $43,372,453,050.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total transaction of $49,378,680.00. Following the sale, the insider now directly owns 94,863,308 shares in the company, valued at $43,372,453,050.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,746,175 shares of company stock worth $786,146,176. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI dropped their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Mizuho decreased their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Susquehanna increased their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Three investment 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $508.91.

Mastercard Price Performance

MA traded down $2.04 during midday trading on Monday, hitting $466.84. The company had a trading volume of 1,690,840 shares, compared to its average volume of 2,485,028. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The firm’s 50-day simple moving average is $448.92 and its 200-day simple moving average is $458.27. The company has a market capitalization of $433.98 billion, a PE ratio of 37.11, a P/E/G ratio of 1.82 and a beta of 1.09. 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 Announces Dividend

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