Kozak & Associates Inc. Has $57,000 Position in Mastercard Incorporated (NYSE:MA)

Kozak & Associates Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 57.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112 shares of the credit services provider’s stock after purchasing an additional 41 shares during the period. Kozak & Associates Inc.’s holdings in Mastercard were worth $57,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Mastercard in the fourth quarter valued at about $83,644,000. Savant Capital LLC boosted its position in shares of Mastercard by 0.9% in the fourth quarter. Savant Capital LLC now owns 20,756 shares of the credit services provider’s stock valued at $10,929,000 after acquiring an additional 188 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $76,000. Finally, Golden Road Advisors LLC bought a new stake in Mastercard during the fourth quarter worth about $205,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% 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 worth $20,885,067 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. UBS Group increased their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. Finally, KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Price Performance

Shares of NYSE:MA opened at $589.64 on Wednesday. The stock has a market cap of $537.58 billion, a PE ratio of 42.45, 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 $591.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock’s fifty day simple moving average is $549.42 and its two-hundred day simple moving average is $542.89.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 EPS. As a group, 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.