Mastercard Incorporated (NYSE:MA) Shares Bought by River Street Advisors LLC

River Street Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,336 shares of the credit services provider’s stock after purchasing an additional 65 shares during the quarter. River Street Advisors LLC’s holdings in Mastercard were worth $1,280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC raised its position in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after buying an additional 18 shares in the last quarter. Richard W. Paul & Associates LLC raised its position in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 19 shares in the last quarter. Founders Financial Alliance LLC grew its stake in shares of Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after purchasing an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC grew its stake in shares of Mastercard by 2.3% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 19 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC grew its stake in shares of Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock worth $388,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 5.4%

NYSE:MA opened at $538.45 on Friday. The stock’s 50 day moving average price is $559.27 and its 200 day moving average price is $544.47. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MA shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Macquarie lowered their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Seven equities 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 company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,513 shares of company stock valued at $23,166,463. Company insiders own 0.09% of the company’s stock.

Mastercard Company 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.