Mastercard Incorporated (NYSE:MA) Shares Acquired by RDA Financial Network

RDA Financial Network boosted its position in Mastercard Incorporated (NYSE:MA) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,579 shares of the credit services provider’s stock after purchasing an additional 183 shares during the quarter. RDA Financial Network’s holdings in Mastercard were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.8%

NYSE MA opened at $590.03 on Friday. The stock has a market cap of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. The company’s fifty day simple moving average is $547.49 and its 200-day simple moving average is $541.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated 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 directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock valued at $20,885,067. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. 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 report on Tuesday, June 3rd. Citigroup increased their price target 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. Finally, KeyCorp boosted their price objective 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. Seven investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

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.