Fairbanks Capital Management Inc. Purchases 186 Shares of Mastercard Incorporated (NYSE:MA)

Fairbanks Capital Management Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,001 shares of the credit services provider’s stock after buying an additional 186 shares during the quarter. Mastercard makes up about 3.2% of Fairbanks Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Fairbanks Capital Management Inc.’s holdings in Mastercard were worth $4,853,000 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 MA. Westend Capital Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% in the fourth 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 in the last quarter. Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter valued at approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,054,931 shares of company stock valued at $480,677,932. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $476.12 on Monday. The stock has a market capitalization of $439.86 billion, a PE ratio of 37.85, a P/E/G ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $456.26 and a two-hundred day moving average price of $459.65. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

About Mastercard

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.