Mastercard Incorporated (NYSE:MA) is Broderick Brian C’s 4th Largest Position

Broderick Brian C lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,861 shares of the credit services provider’s stock after selling 730 shares during the period. Mastercard accounts for about 4.3% of Broderick Brian C’s portfolio, making the stock its 4th largest position. Broderick Brian C’s holdings in Mastercard were worth $21,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC increased its stake in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after buying an additional 18 shares during the period. Richard W. Paul & Associates LLC boosted its holdings in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after acquiring an additional 19 shares in the last quarter. Founders Financial Alliance LLC increased its stake in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after acquiring an additional 19 shares during the period. BlackDiamond Wealth Management LLC increased its position in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 19 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC grew its holdings in Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock worth $388,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MA. Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Truist Financial began coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Trading Up 0.2%

NYSE:MA opened at $569.56 on Wednesday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The business’s 50-day moving average is $558.05 and its two-hundred day moving average is $544.46. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $519.27 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of $87,000.00. Following the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 in the last quarter. Insiders own 0.09% of the company’s stock.

Mastercard 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.