Braun Bostich & Associates Inc. Increases Stake in Mastercard Incorporated (NYSE:MA)

Braun Bostich & Associates Inc. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 905 shares of the credit services provider’s stock after buying an additional 34 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Mastercard were worth $496,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Simon Quick Advisors LLC grew its position in shares of Mastercard by 22.0% in the first quarter. Simon Quick Advisors LLC now owns 7,899 shares of the credit services provider’s stock valued at $4,329,000 after purchasing an additional 1,426 shares in the last quarter. Arvest Investments Inc. purchased a new stake in Mastercard in the 1st quarter valued at $624,000. Zhang Financial LLC increased its stake in shares of Mastercard by 17.0% in the 1st quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider’s stock worth $1,109,000 after acquiring an additional 294 shares during the last quarter. Noble Wealth Management PBC raised its holdings in shares of Mastercard by 2.7% during the 1st quarter. Noble Wealth Management PBC now owns 1,140 shares of the credit services provider’s stock worth $625,000 after acquiring an additional 30 shares during the period. Finally, Magnolia Private Wealth LLC boosted its position in shares of Mastercard by 6.2% during the 1st quarter. Magnolia Private Wealth LLC now owns 887 shares of the credit services provider’s stock valued at $486,000 after acquiring an additional 52 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In related 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last ninety days. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $590.78 on Thursday. The company has a market cap of $538.62 billion, a P/E ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. The firm has a fifty day moving average price of $551.43 and a 200 day moving average price of $543.22. 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 $594.71.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.31 EPS. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MA shares. KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. 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, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard 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.