Mastercard Incorporated (NYSE:MA) Position Raised by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 3.7% during the first quarter, Holdings Channel reports. The institutional investor owned 8,056 shares of the credit services provider’s stock after buying an additional 286 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Mastercard were worth $4,416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MA. NewSquare Capital LLC acquired a new stake in Mastercard in the 4th quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard 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 owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the 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 transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock valued at $20,885,067 in the last three months. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MA shares. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Seven equities research 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 company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Trading Up 0.8%

Mastercard stock opened at $590.03 on Monday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $591.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $537.94 billion, a P/E ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. The company’s fifty day simple moving average is $547.49 and its 200-day simple moving average is $542.12.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $3.31 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.