Moody Lynn & Lieberson LLC cut its position in shares of Mastercard Inc (NYSE:MA) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,632 shares of the credit services provider’s stock after selling 816 shares during the period. Mastercard makes up about 4.2% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 2nd biggest holding. Moody Lynn & Lieberson LLC’s holdings in Mastercard were worth $38,524,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after purchasing an additional 42,640 shares during the last quarter. Geode Capital Management LLC lifted its position in Mastercard by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after purchasing an additional 416,095 shares during the last quarter. Triple Frond Partners LLC lifted its position in Mastercard by 31.7% in the fourth quarter. Triple Frond Partners LLC now owns 245,000 shares of the credit services provider’s stock valued at $46,219,000 after purchasing an additional 59,000 shares during the last quarter. Claybrook Capital LLC bought a new stake in Mastercard in the fourth quarter valued at approximately $82,000. Finally, Accuvest Global Advisors bought a new stake in Mastercard in the fourth quarter valued at approximately $517,000. 74.41% of the stock is owned by institutional investors.
MA stock traded down $4.81 during midday trading on Friday, hitting $269.35. The stock had a trading volume of 669,569 shares, compared to its average volume of 2,571,797. The stock has a market cap of $284.15 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07. The stock’s 50-day moving average price is $271.32. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33. The company has a current ratio of 1.49, a quick ratio of 1.41 and a debt-to-equity ratio of 1.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s payout ratio is 20.34%.
In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now directly owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,921 shares of company stock worth $37,322,422. 3.70% of the stock is owned by insiders.
Several analysts have weighed in on MA shares. Susquehanna Bancshares boosted their price objective on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday. Nomura boosted their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America boosted their target price on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Morgan Stanley boosted their target price on Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, UBS Group boosted their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $287.20.
Mastercard Company Profile
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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