Mastercard Incorporated (NYSE:MA) Shares Acquired by Vista Investment Partners LLC

Vista Investment Partners LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.3% in the first quarter, Holdings Channel reports. The institutional investor owned 11,764 shares of the credit services provider’s stock after purchasing an additional 41 shares during the period. Mastercard accounts for approximately 2.0% of Vista Investment Partners LLC’s holdings, making the stock its 10th biggest position. Vista Investment Partners LLC’s holdings in Mastercard were worth $6,448,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MA. NewSquare Capital LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the fourth quarter worth about $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction 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 owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,645 shares of company stock worth $26,979,801. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.2%

Shares of NYSE MA opened at $568.52 on Tuesday. The company’s 50 day simple moving average is $556.98 and its 200 day simple moving average is $544.29. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $518.32 billion, a P/E ratio of 40.93, a P/E/G ratio of 2.37 and a beta of 1.05. 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 announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MA. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.