Fairbanks Capital Management Inc. Has $2.84 Million Holdings in Mastercard Inc (NYSE:MA)

Fairbanks Capital Management Inc. grew its stake in shares of Mastercard Inc (NYSE:MA) by 211.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,768 shares of the credit services provider’s stock after acquiring an additional 7,991 shares during the period. Mastercard comprises 3.7% of Fairbanks Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. Fairbanks Capital Management Inc.’s holdings in Mastercard were worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in MA. Wealth Quarterback LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 1776 Wealth LLC bought a new stake in Mastercard in the 1st quarter worth $28,000. Sound Income Strategies LLC grew its holdings in Mastercard by 70.5% in the 1st quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 55 shares during the last quarter. Samalin Investment Counsel LLC bought a new stake in Mastercard in the 4th quarter worth $41,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Mastercard during the 4th quarter valued at about $48,000. 73.87% of the stock is owned by hedge funds and other institutional investors.

NYSE MA traded up $2.53 on Thursday, reaching $302.30. The stock had a trading volume of 4,498,647 shares, compared to its average volume of 4,446,465. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $347.25. The business’s 50-day moving average price is $272.66 and its 200 day moving average price is $288.15. The stock has a market cap of $304.46 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 3.44 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Inc will post 6.4 earnings per share for the current year.

In related news, Director Lance Darrell Gordon Uggla acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $265.00 per share, with a total value of $265,000.00. Following the completion of the purchase, the director now directly owns 5,691 shares in the company, valued at $1,508,115. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven J. Freiberg sold 4,230 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total value of $1,285,835.40. Following the sale, the director now directly owns 5,376 shares in the company, valued at approximately $1,634,196.48. The disclosure for this sale can be found here. 3.79% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on MA. Nomura reissued a “buy” rating and set a $334.00 price target on shares of Mastercard in a research report on Thursday, April 30th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Wednesday, March 18th. Raymond James boosted their price objective on shares of Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Guggenheim lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird upped their price target on shares of Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $320.46.

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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