Stonebrook Private Inc. Buys 86 Shares of Mastercard Incorporated (NYSE:MA)

Stonebrook Private Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,733 shares of the credit services provider’s stock after acquiring an additional 86 shares during the period. Stonebrook Private Inc.’s holdings in Mastercard were worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Addison Advisors LLC boosted its holdings in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after buying an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after buying an additional 19 shares in the last quarter. Capital Investment Services of America Inc. boosted its holdings in Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after buying an additional 19 shares in the last quarter. Augustine Asset Management Inc. boosted its holdings in Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after buying an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC boosted its holdings in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MA. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Susquehanna upped their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Mastercard Stock Performance

Shares of MA stock opened at $582.97 on Friday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $584.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $535.67 and a 200 day moving average price of $535.63. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value 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 $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 over the last 90 days. Corporate 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.