Mastercard Incorporated $MA Shares Sold by Kimelman & Baird LLC

Kimelman & Baird LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 78,569 shares of the credit services provider’s stock after selling 2,187 shares during the period. Mastercard comprises about 3.4% of Kimelman & Baird LLC’s portfolio, making the stock its 12th largest holding. Kimelman & Baird LLC’s holdings in Mastercard were worth $44,854,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in MA. Vulcan Value Partners LLC increased its holdings in shares of Mastercard by 6.5% during the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after buying an additional 28,331 shares in the last quarter. Nicholson Wealth Management Group LLC increased its holdings in shares of Mastercard by 153.6% during the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after buying an additional 1,730 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $1,113,000. Assetmark Inc. increased its holdings in shares of Mastercard by 4.5% during the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after buying an additional 9,795 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after purchasing an additional 4,700 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA stock opened at $505.39 on Tuesday. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The firm has a market capitalization of $446.55 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a fifty day moving average of $502.92 and a 200-day moving average of $530.89.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.73 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MA shares. TD Cowen reissued a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital started coverage on shares of Mastercard in a report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price target for the company. Truist Financial lowered their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $656.00.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.