Mastercard Incorporated (NYSE:MA) Shares Bought by Harrington Investments INC

Harrington Investments INC raised its position in Mastercard Incorporated (NYSE:MA) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,830 shares of the credit services provider’s stock after buying an additional 210 shares during the period. Harrington Investments INC’s holdings in Mastercard were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 241 shares in the last quarter. Aveo Capital Partners LLC increased its stake in shares of Mastercard by 8.8% during the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after purchasing an additional 116 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of Mastercard by 7.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after purchasing an additional 571 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Mastercard by 34.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 4,344 shares of the credit services provider’s stock worth $1,853,000 after purchasing an additional 1,108 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in shares of Mastercard by 15.2% during the fourth quarter. AGF Management Ltd. now owns 12,514 shares of the credit services provider’s stock worth $5,337,000 after purchasing an additional 1,655 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 108,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the completion of the transaction, the insider now directly owns 93,226,308 shares of the company’s stock, valued at approximately $41,494,097,427.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,054,931 shares of company stock worth $480,677,932. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MA shares. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. TD Cowen upped their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Stock Performance

Shares of MA stock opened at $476.12 on Monday. The firm’s 50 day moving average price is $456.26 and its 200-day moving average price is $459.65. 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 Incorporated has a one year low of $359.77 and a one year high of $490.00. The firm has a market cap of $439.86 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.87 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 issued 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%.

About Mastercard

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.