Mastercard Incorporated (NYSE:MA) Shares Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 619 shares of the credit services provider’s stock after purchasing an additional 43 shares during the period. Petros Family Wealth LLC’s holdings in Mastercard were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. FMR LLC lifted its stake in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC lifted its stake in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank acquired a new position in Mastercard during the 4th quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP lifted its stake in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.8%

NYSE:MA opened at $542.63 on Tuesday. The stock’s 50 day moving average price is $560.33 and its 200 day moving average price is $544.91. The company has a market capitalization of $494.72 billion, a PE ratio of 38.05, a P/E/G ratio of 2.32 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Citigroup increased their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,890 shares of company stock valued at $27,003,492. 0.09% of the stock is owned by company insiders.

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.