Mattern Capital Management LLC Has $461,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Mattern Capital Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 41.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,046 shares of the credit services provider’s stock after buying an additional 309 shares during the period. Mattern Capital Management LLC’s holdings in Mastercard were worth $461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after buying an additional 330,872 shares in the last quarter. Capital International Investors raised its position in Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors raised its position in Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Norges Bank bought a new stake in Mastercard during the fourth quarter worth $4,595,559,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Mastercard by 7.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,213,930 shares of the credit services provider’s stock valued at $2,029,302,000 after purchasing an additional 279,178 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 113,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the sale, the insider now owns 93,446,308 shares in the company, valued at approximately $41,849,929,037.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 113,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $447.85, for a total value of $50,607,050.00. Following the transaction, the insider now directly owns 93,446,308 shares of the company’s stock, valued at $41,849,929,037.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,282,931 shares of company stock valued at $583,107,432. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada increased their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday. Citigroup increased their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler boosted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Trading Up 0.2 %

MA opened at $483.14 on Thursday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a fifty day moving average of $454.87 and a 200-day moving average of $459.41. The stock has a market cap of $446.34 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio 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.