Mastercard Incorporated (NYSE:MA) Stake Lifted by Goldstone Financial Group LLC

Goldstone Financial Group LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,452 shares of the credit services provider’s stock after acquiring an additional 147 shares during the period. Goldstone Financial Group LLC’s holdings in Mastercard were worth $2,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial initiated coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 4.7%

Mastercard stock opened at $561.50 on Friday. The company has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The firm’s fifty day simple moving average is $555.17 and its 200-day simple moving average is $543.88. 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 1-year low of $428.86 and a 1-year high of $594.71.

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, 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 net margin of 45.71% and a return on equity of 188.47%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.31 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.