Norden Group LLC Sells 805 Shares of Mastercard Incorporated (NYSE:MA)

Norden Group LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,247 shares of the credit services provider’s stock after selling 805 shares during the quarter. Mastercard comprises about 0.8% of Norden Group LLC’s investment portfolio, making the stock its 27th biggest position. Norden Group LLC’s holdings in Mastercard were worth $4,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MA. VitalStone Financial LLC boosted its position 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 acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at about $27,000. Palisade Asset Management LLC acquired a new position in Mastercard in the first quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Mastercard in the fourth quarter valued at about $30,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the 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 transaction, the insider now owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Insiders sold 1,167,931 shares of company stock valued at $531,284,982 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MA. KeyCorp boosted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. TD Cowen upped their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI reduced their target price 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. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Susquehanna upped their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Stock Down 0.3 %

Shares of MA stock traded down $1.24 during trading hours on Friday, hitting $476.12. 2,116,234 shares of the company were exchanged, compared to its average volume of 2,444,963. The business has a 50 day moving average of $456.26 and a two-hundred day moving average of $459.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a market capitalization of $442.61 billion, a PE ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio is 20.99%.

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.