Mastercard Incorporated (NYSE:MA) Shares Sold by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 547 shares of the credit services provider’s stock after selling 53 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Mastercard were worth $233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc increased its position in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 441 shares in the last quarter. Everett Harris & Co. CA raised its stake in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after acquiring an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its position in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 872,088 shares of company stock valued at $395,452,118. Company insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of MA stock traded up $3.76 during mid-day trading on Tuesday, hitting $453.13. 2,345,329 shares of the stock traded hands, compared to its average volume of 2,471,482. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $422.72 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company’s 50-day simple moving average is $468.64 and its 200-day simple moving average is $439.23. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Raymond James boosted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $496.27.

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.