Strs Ohio reduced its position in Mastercard Inc (NYSE:MA) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 774,476 shares of the credit services provider’s stock after selling 7,160 shares during the period. Mastercard makes up approximately 0.9% of Strs Ohio’s holdings, making the stock its 12th largest holding. Strs Ohio’s holdings in Mastercard were worth $210,324,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC purchased a new position in shares of Mastercard in the second quarter valued at $26,000. Ellevest Inc. grew its position in shares of Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Delphi Private Advisors LLC purchased a new position in shares of Mastercard in the second quarter valued at $31,000. Evolution Wealth Advisors LLC purchased a new position in shares of Mastercard in the second quarter valued at $31,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Mastercard in the second quarter valued at $33,000. 74.28% of the stock is owned by institutional investors and hedge funds.
MA stock traded up $0.82 during mid-day trading on Monday, hitting $271.45. 569,634 shares of the stock were exchanged, compared to its average volume of 3,228,230. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The business has a fifty day moving average price of $275.93 and a 200 day moving average price of $263.97. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $293.69. The stock has a market capitalization of $280.54 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.30 and a beta of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.49%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of Mastercard stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $281.12, for a total transaction of $2,234,904.00. Following the completion of the sale, the insider now owns 112,126,112 shares of the company’s stock, valued at $31,520,892,605.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,233 shares of Mastercard stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $283.12, for a total value of $632,206.96. Following the sale, the insider now directly owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,377 shares of company stock valued at $36,117,135. Corporate insiders own 3.70% of the company’s stock.
Several research firms recently commented on MA. SunTrust Banks boosted their target price on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Raymond James boosted their target price on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets set a $328.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has an average rating of “Buy” and an average target price of $299.09.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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