Mastercard Incorporated (NYSE:MA) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,571 shares of the credit services provider’s stock after selling 48 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Mastercard were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MA. Addison Advisors LLC raised its stake in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after acquiring an additional 18 shares during the period. Augustine Asset Management Inc. increased its holdings in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 19 shares during the last quarter. Richard W. Paul & Associates LLC increased its holdings in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after purchasing an additional 19 shares during the last quarter. Founders Financial Alliance LLC raised its position in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC lifted its stake in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MA. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Truist Financial began coverage on Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Trading Up 0.8%

NYSE MA opened at $590.03 on Monday. The firm has a market capitalization of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business’s 50-day moving average price is $547.49 and its two-hundred day moving average price is $542.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $595.38.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business’s 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 transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,258 shares of company stock valued at $20,885,067. Corporate insiders own 0.09% 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.