OV Management LLC Has $2.03 Million Position in Mastercard Incorporated (NYSE:MA)

OV Management LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,598 shares of the credit services provider’s stock after purchasing an additional 44 shares during the period. Mastercard accounts for approximately 1.4% of OV Management LLC’s portfolio, making the stock its 18th biggest position. OV Management LLC’s holdings in Mastercard were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Westend Capital Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC acquired a new position in Mastercard during the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Mastercard during the fourth quarter worth $30,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Piper Sandler increased their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Citigroup raised their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Stock Performance

NYSE:MA opened at $493.36 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $496.85. The firm has a 50 day moving average of $460.67 and a 200-day moving average of $460.41. 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 stock has a market capitalization of $458.63 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the transaction, the insider now owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the sale, the insider now owns 92,672,308 shares in the company, valued at approximately $41,801,697,969.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders sold 827,467 shares of company stock worth $379,595,815 in the last quarter. Insiders own 0.10% 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. 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.