Thoroughbred Financial Services LLC Acquires 2,151 Shares of Mastercard Incorporated (NYSE:MA)

Thoroughbred Financial Services LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 18.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,799 shares of the credit services provider’s stock after purchasing an additional 2,151 shares during the period. Thoroughbred Financial Services LLC’s holdings in Mastercard were worth $6,087,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. VitalStone Financial LLC lifted its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC acquired a new position in shares of Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard in the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction 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 sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were 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 $12,423,320. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 827,467 shares of company stock valued at $379,595,815. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.3 %

MA opened at $493.36 on Friday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $496.85. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market cap of $458.63 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a fifty day moving average price of $460.67 and a two-hundred day moving average price of $460.41.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

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.