Kozak & Associates Inc. Boosts Position in Mastercard Incorporated (NYSE:MA)

Kozak & Associates Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 57.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112 shares of the credit services provider’s stock after buying an additional 41 shares during the quarter. Kozak & Associates Inc.’s holdings in Mastercard were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MA. Addison Advisors LLC lifted its position in shares of Mastercard by 3.8% in the fourth 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 in the last quarter. 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 increased its holdings 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 last quarter. Finally, BlackDiamond Wealth Management LLC increased its holdings in shares of Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial began coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday. Finally, KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Performance

NYSE MA opened at $589.64 on Wednesday. The stock has a market capitalization of $537.58 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average is $549.42 and its two-hundred day moving average is $542.89. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $591.16.

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

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by corporate insiders.

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.