Modus Advisors LLC Sells 58 Shares of Mastercard Incorporated (NYSE:MA)

Modus Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,573 shares of the credit services provider’s stock after selling 58 shares during the quarter. Modus Advisors LLC’s holdings in Mastercard were worth $3,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MA. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. boosted its stake in shares of Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock valued at $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. boosted its stake in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC boosted its stake in shares of Mastercard by 0.9% during 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 purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 transaction, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.2%

Shares of Mastercard stock opened at $575.60 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average price of $542.49 and a 200 day moving average price of $538.84. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The stock has a market cap of $524.78 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the company posted $3.31 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Susquehanna raised their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their target price on shares of Mastercard from $630.00 to $655.00 and gave the company a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $608.57.

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.