Mastercard Incorporated (NYSE:MA) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp boosted its stake in Mastercard Incorporated (NYSE:MA) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,388 shares of the credit services provider’s stock after buying an additional 756 shares during the period. Consolidated Planning Corp’s holdings in Mastercard were worth $4,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter worth $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter worth $30,000. Finally, 10Elms LLP bought a new position in shares of Mastercard in the fourth quarter worth $33,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on 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 directly owns 84,871 shares in the company, valued at approximately $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 accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,513 shares of company stock valued at $23,166,463. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Down 1.2%

Shares of Mastercard stock opened at $532.18 on Monday. The stock has a 50-day moving average price of $559.72 and a 200 day moving average price of $544.81. The company has a market cap of $485.19 billion, a P/E ratio of 37.32, a P/E/G ratio of 2.32 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 EPS. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

About Mastercard

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.