Floyd Financial Group LLC Boosts Position in Mastercard Incorporated (NYSE:MA)

Floyd Financial Group LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,428 shares of the credit services provider’s stock after acquiring an additional 40 shares during the quarter. Floyd Financial Group LLC’s holdings in Mastercard were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MA. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Mastercard during the fourth quarter valued at about $83,644,000. GDS Wealth Management raised its stake in shares of Mastercard by 3.2% in the 4th quarter. GDS Wealth Management now owns 765 shares of the credit services provider’s stock valued at $403,000 after acquiring an additional 24 shares during the period. Optas LLC lifted its holdings in shares of Mastercard by 2.5% in the 4th quarter. Optas LLC now owns 5,977 shares of the credit services provider’s stock worth $3,147,000 after acquiring an additional 146 shares during the last quarter. Finally, Childress Capital Advisors LLC lifted its holdings in shares of Mastercard by 3.2% in the 4th quarter. Childress Capital Advisors LLC now owns 2,498 shares of the credit services provider’s stock worth $1,316,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group increased their target price on Mastercard from $630.00 to $655.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.2%

Shares of NYSE MA opened at $582.27 on Wednesday. The business has a 50-day moving average of $545.06 and a two-hundred day moving average of $540.50. The company has a market capitalization of $530.86 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. 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 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. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.31 EPS. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share 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.