US Bancorp DE Sells 11,649 Shares of Mastercard Incorporated (NYSE:MA)

US Bancorp DE reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 919,117 shares of the credit services provider’s stock after selling 11,649 shares during the quarter. US Bancorp DE’s holdings in Mastercard were worth $405,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. Gilbert & Cook Inc. lifted its position in Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 241 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in Mastercard by 8.8% during the 4th quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock valued at $609,000 after buying an additional 116 shares in the last quarter. Gryphon Financial Partners LLC increased its position in Mastercard by 7.3% in 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 during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in 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 valued at $1,853,000 after purchasing an additional 1,108 shares during the period. Finally, AGF Management Ltd. increased its position in Mastercard by 15.2% during the fourth quarter. AGF Management Ltd. now owns 12,514 shares of the credit services provider’s stock valued at $5,337,000 after acquiring an additional 1,655 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the transaction, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold 1,054,931 shares of company stock valued at $480,677,932 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.1 %

Shares of NYSE MA traded up $5.16 during mid-day trading on Monday, reaching $481.28. The company had a trading volume of 154,360 shares, compared to its average volume of 2,431,725. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $444.63 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.87 and a beta of 1.10. The stock has a fifty day moving average of $456.26 and a two-hundred day moving average of $459.65. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard Announces Dividend

The business also recently declared 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 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. TD Cowen increased their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna upped their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Barclays lifted their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard 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.