City National Bank of Florida MSD Invests $610,000 in Mastercard Incorporated (NYSE:MA)

City National Bank of Florida MSD purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,159 shares of the credit services provider’s stock, valued at approximately $610,000.

Several other hedge funds also recently added to or reduced their stakes in MA. RB Capital Management LLC boosted its holdings in Mastercard by 2.0% during the 4th quarter. RB Capital Management LLC now owns 9,540 shares of the credit services provider’s stock valued at $5,023,000 after acquiring an additional 183 shares during the period. 49 Wealth Management LLC lifted its position in shares of Mastercard by 7.7% during the fourth quarter. 49 Wealth Management LLC now owns 503 shares of the credit services provider’s stock worth $265,000 after purchasing an additional 36 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $173,000. Monograph Wealth Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $312,000. Finally, Novem Group bought a new position in shares of Mastercard in the fourth quarter worth about $2,091,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MA shares. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Six equities research 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 company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Mastercard Stock Down 2.0%

Mastercard stock opened at $569.43 on Thursday. The business’s 50-day simple moving average is $538.94 and its two-hundred day simple moving average is $536.96. 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 cap of $519.16 billion, a PE ratio of 41.00, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company 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.