Stonebrook Private Inc. Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Stonebrook Private Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,733 shares of the credit services provider’s stock after purchasing an additional 86 shares during the quarter. Stonebrook Private Inc.’s holdings in Mastercard were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC lifted its position in shares of Mastercard by 3.8% in 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 during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after buying an additional 19 shares during the last quarter. Capital Investment Services of America Inc. increased its holdings in shares of Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. increased its holdings in shares of Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after acquiring an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC increased its holdings in shares of Mastercard by 0.9% in 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 acquiring an additional 19 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.1%

NYSE MA opened at $582.97 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $535.67 and its 200 day simple moving average is $535.63. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $584.29. The company has a market capitalization of $531.49 billion, a P/E ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 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 business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm earned $3.31 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. UBS Group dropped their price objective on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

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.