Chicago Capital LLC Raises Stake in Mastercard Incorporated (NYSE:MA)

Chicago Capital LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,536 shares of the credit services provider’s stock after buying an additional 5,802 shares during the quarter. Mastercard accounts for approximately 1.6% of Chicago Capital LLC’s portfolio, making the stock its 26th largest holding. Chicago Capital LLC’s holdings in Mastercard were worth $53,176,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hoxton Planning & Management LLC raised its stake in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the period. Benin Management CORP lifted its position in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC boosted its position in shares of Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MA shares. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Barclays upped their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Piper Sandler increased their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Trading Down 0.3 %

Mastercard stock traded down $1.24 during trading hours on Friday, reaching $476.12. 2,116,234 shares of the company’s stock traded hands, compared to its average volume of 2,444,963. The firm’s 50 day moving average is $456.26 and its 200-day moving average is $459.59. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm has a market capitalization of $442.61 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the transaction, the insider now directly owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the transaction, the insider now directly owns 92,998,308 shares of the company’s stock, valued at approximately $41,256,839,378.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, 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. Over the last quarter, insiders have sold 1,167,931 shares of company stock worth $531,284,982. 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.