Moss Adams Wealth Advisors LLC Increases Stake in Mastercard Incorporated (NYSE:MA)

Moss Adams Wealth Advisors LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,021 shares of the credit services provider’s stock after purchasing an additional 385 shares during the quarter. Mastercard makes up approximately 0.3% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. Moss Adams Wealth Advisors LLC’s holdings in Mastercard were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC increased its stake in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after acquiring an additional 18 shares during the period. Augustine Asset Management Inc. lifted its holdings in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after buying an additional 19 shares during the period. Richard W. Paul & Associates LLC lifted its holdings in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after buying an additional 19 shares during the period. Founders Financial Alliance LLC lifted its holdings in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after buying an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC lifted its holdings in shares of Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $590.03 on Monday. The company has a market cap of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The stock has a 50-day moving average of $547.49 and a 200-day moving average of $542.12. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $591.66. 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 (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. 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. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred 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 owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock worth $20,885,067 in the last 90 days. 0.09% of the stock is owned by company insiders.

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.