Tidal Investments LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Tidal Investments LLC raised its position in Mastercard Incorporated (NYSE:MA) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,959 shares of the credit services provider’s stock after buying an additional 7,674 shares during the period. Tidal Investments LLC’s holdings in Mastercard were worth $39,471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming increased its stake in shares of Mastercard by 557.3% during the 4th quarter. State of Wyoming now owns 5,896 shares of the credit services provider’s stock worth $3,105,000 after purchasing an additional 4,999 shares during the last quarter. Stonebrook Private Inc. increased its stake in shares of Mastercard by 5.2% during the 4th quarter. Stonebrook Private Inc. now owns 1,733 shares of the credit services provider’s stock worth $913,000 after purchasing an additional 86 shares during the last quarter. Strategic Global Advisors LLC increased its stake in shares of Mastercard by 4.3% during the 4th quarter. Strategic Global Advisors LLC now owns 11,506 shares of the credit services provider’s stock worth $6,059,000 after purchasing an additional 478 shares during the last quarter. Strategic Wealth Partners Ltd. increased its stake in shares of Mastercard by 3.5% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,780 shares of the credit services provider’s stock worth $1,008,000 after purchasing an additional 61 shares during the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $973,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $582.97 on Friday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $584.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $531.49 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a fifty day moving average of $535.67 and a 200-day moving average of $535.63.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Piper Sandler restated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.10% of the company’s stock.

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.