Mastercard Incorporated (NYSE:MA) Stake Boosted by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.4% during the first quarter, Holdings Channel.com reports. The firm owned 48,645 shares of the credit services provider’s stock after buying an additional 203 shares during the quarter. Mastercard makes up approximately 1.9% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Mastercard were worth $24,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $30,000. Finally, 10Elms LLP acquired a new stake in shares of Mastercard during the fourth quarter valued at about $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

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 value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were 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 directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Down 4.7%

Shares of Mastercard stock opened at $561.50 on Friday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a 50 day moving average of $555.17 and a 200 day moving average of $543.96. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. 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.

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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.