GoalVest Advisory LLC Has $265,000 Stock Position in Mastercard Incorporated (NYSE:MA)

GoalVest Advisory LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 52.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 483 shares of the credit services provider’s stock after acquiring an additional 167 shares during the quarter. GoalVest Advisory LLC’s holdings in Mastercard were worth $265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC increased its position in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after buying an additional 185 shares during the period. Dock Street Asset Management Inc. increased its position in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after buying an additional 1,194 shares during the period. Avestar Capital LLC increased its position in shares of Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after buying an additional 550 shares during the period. Finally, Baldwin Investment Management LLC increased its position in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after buying an additional 93 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 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 company. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $608.57.

Mastercard Stock Up 0.3%

Mastercard stock opened at $577.36 on Friday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The firm has a market capitalization of $526.39 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The firm’s fifty day moving average price is $543.16 and its two-hundred day moving average price is $539.17. 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 (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $3.31 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were 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 owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 over the last quarter. Insiders own 0.10% of the company’s stock.

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.