Midland Wealth Advisors LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

Midland Wealth Advisors LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,571 shares of the credit services provider’s stock after selling 48 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Mastercard were worth $861,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new stake in Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MA shares. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Finally, Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Seven 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. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $590.03 on Monday. The business’s 50-day simple moving average is $547.49 and its 200 day simple moving average is $542.12. The company has a market cap of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $595.38.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side 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.