Naples Global Advisors LLC Has $1.09 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Naples Global Advisors LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,987 shares of the credit services provider’s stock after selling 32 shares during the quarter. Naples Global Advisors LLC’s holdings in Mastercard were worth $1,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 purchased a new position in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC purchased a new position in Mastercard during the fourth quarter worth about $30,000. Finally, 10Elms LLP purchased a new position in Mastercard during the fourth quarter worth about $33,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last quarter. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Macquarie dropped their target price 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. Finally, KeyCorp boosted 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. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Price Performance

Shares of NYSE:MA opened at $584.76 on Friday. The company’s fifty day moving average price is $546.65 and its 200-day moving average price is $541.24. The firm has a market capitalization of $533.13 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last issued its quarterly 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. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.