RDL Financial Inc. trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,788 shares of the credit services provider’s stock after selling 1,092 shares during the quarter. RDL Financial Inc.’s holdings in Mastercard were worth $1,553,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Glassman Wealth Services grew its position in Mastercard by 0.3% during the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares in the last quarter. Norway Savings Bank boosted its holdings in shares of Mastercard by 1.1% in the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 10 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares in the last quarter. Concert Wealth Management Inc. boosted its holdings in shares of Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after purchasing an additional 18 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
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MA has been the subject of a number of research reports. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a report on Friday, July 7th. Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 price objective (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. upped their price objective on Mastercard and gave the stock an “outperform” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average price target of $149.98.
In related news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 349,760 shares of company stock valued at $45,615,590 in the last quarter. 0.30% of the stock is owned by company insiders.
Mastercard Incorporated (MA) opened at 148.95 on Tuesday. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $151.48. The stock has a 50 day moving average price of $143.64 and a 200 day moving average price of $129.40. The company has a market cap of $158.62 billion, a price-to-earnings ratio of 36.96 and a beta of 1.18.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is 21.78%.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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