Insight Wealth Strategies LLC boosted its holdings in shares of Mastercard Inc (NYSE:MA) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,397 shares of the credit services provider’s stock after acquiring an additional 587 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Mastercard were worth $1,737,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Cox Capital Mgt LLC grew its position in Mastercard by 3.0% during the second quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock valued at $2,787,000 after acquiring an additional 310 shares during the last quarter. Park National Corp OH grew its position in Mastercard by 16.5% during the second quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock valued at $399,000 after acquiring an additional 214 shares during the last quarter. South Texas Money Management Ltd. grew its position in Mastercard by 3.0% during the second quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock valued at $572,000 after acquiring an additional 63 shares during the last quarter. Winfield Associates Inc. bought a new position in Mastercard during the second quarter valued at approximately $143,000. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Mastercard by 13.3% in the second quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock worth $1,860,000 after purchasing an additional 801 shares during the last quarter. 74.13% of the stock is owned by institutional investors.
MA stock traded up $0.93 on Wednesday, reaching $278.07. The company’s stock had a trading volume of 3,326,805 shares, compared to its average volume of 3,512,260. The business has a fifty day simple moving average of $272.65 and a two-hundred day simple moving average of $268.02. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The firm has a market cap of $277.33 billion, a PE ratio of 42.85, a PEG ratio of 2.24 and a beta of 1.04. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.
Several research analysts have recently issued reports on the stock. Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Susquehanna Bancshares raised their target price on shares of Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Moffett Nathanson set a $320.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Wednesday, September 18th. Guggenheim set a $305.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup raised their target price on shares of Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $303.45.
In other Mastercard news, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the transaction, the insider now owns 12,778 shares of the company’s stock, valued at $3,641,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $278.86, for a total value of $2,103,162.12. Following the transaction, the insider now directly owns 112,015,230 shares of the company’s stock, valued at approximately $31,236,567,037.80. The disclosure for this sale can be found here. Insiders sold 83,190 shares of company stock valued at $22,826,323 in the last ninety days. 3.70% of the stock is currently owned by insiders.
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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