Brooklyn FI LLC Makes New $603,000 Investment in Mastercard Incorporated (NYSE:MA)

Brooklyn FI LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,165 shares of the credit services provider’s stock, valued at approximately $603,000.

Several other large investors have also added to or reduced their stakes in the stock. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard in the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at about $32,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at about $30,000. Finally, 10Elms LLP purchased a new stake in shares of Mastercard in the 4th quarter valued at about $33,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. 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. Wells Fargo & Company lifted their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. William Blair restated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $606.25.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $564.23 on Tuesday. The firm has a market cap of $514.41 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The business’s 50 day moving average price is $540.93 and its 200-day moving average price is $538.34. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

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