Mastercard Incorporated (NYSE:MA) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,587 shares of the credit services provider’s stock after purchasing an additional 107 shares during the quarter. Zhang Financial LLC’s holdings in Mastercard were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. V Square Quantitative Management LLC boosted its holdings in Mastercard by 29.2% in the first quarter. V Square Quantitative Management LLC now owns 14,939 shares of the credit services provider’s stock valued at $7,194,000 after purchasing an additional 3,373 shares during the period. Berkshire Bank purchased a new position in Mastercard in the first quarter valued at $1,375,000. Acorn Creek Capital LLC boosted its holdings in Mastercard by 6.4% in the first quarter. Acorn Creek Capital LLC now owns 530 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 32 shares during the period. Marino Stram & Associates LLC lifted its holdings in Mastercard by 2.1% during the 1st quarter. Marino Stram & Associates LLC now owns 1,586 shares of the credit services provider’s stock worth $764,000 after buying an additional 32 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in shares of Mastercard by 2,339.8% in the 1st quarter. Simplicity Wealth LLC now owns 27,618 shares of the credit services provider’s stock valued at $13,300,000 after purchasing an additional 26,486 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded down $2.55 during trading hours on Wednesday, reaching $456.55. The company’s stock had a trading volume of 1,712,905 shares, compared to its average volume of 2,431,329. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a 50-day simple moving average of $465.42 and a 200 day simple moving average of $444.90. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The stock has a market cap of $424.41 billion, a PE ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business earned $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,573,580 shares of company stock valued at $715,722,727. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Wells Fargo & Company boosted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their price target on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley dropped their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.78.

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.