Mogy Joel R Investment Counsel Inc. Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Mogy Joel R Investment Counsel Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,797 shares of the credit services provider’s stock after buying an additional 335 shares during the quarter. Mastercard comprises approximately 1.4% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 24th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Mastercard were worth $21,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter worth $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock worth $20,885,067 in the last three months. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.2%

Shares of MA stock opened at $590.78 on Thursday. The stock’s fifty day moving average price is $551.43 and its 200 day moving average price is $543.22. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a market cap of $538.62 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth 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 issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MA shares. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, June 6th. UBS Group raised their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

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.