Mastercard Incorporated (NYSE:MA) Shares Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 619 shares of the credit services provider’s stock after buying an additional 43 shares during the quarter. Petros Family Wealth LLC’s holdings in Mastercard were worth $339,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC raised its holdings in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated 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 approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,890 shares of company stock valued at $27,003,492. Company insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $542.63 on Tuesday. The company has a market cap of $494.72 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.32 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The business has a fifty day simple moving average of $560.33 and a 200-day simple moving average of $544.91.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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.