Mastercard Incorporated (NYSE:MA) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,645 shares of the credit services provider’s stock after buying an additional 203 shares during the quarter. Mastercard accounts for about 1.9% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Mastercard were worth $24,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Addison Advisors LLC raised its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Richard W. Paul & Associates LLC raised its stake in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 19 shares in the last quarter. Founders Financial Alliance LLC raised its stake in shares of Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after acquiring an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC raised its stake in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after acquiring an additional 19 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock worth $388,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 4.7%

MA stock opened at $561.50 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $511.92 billion, a PE ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm’s fifty day moving average is $555.17 and its 200 day moving average is $543.96.

Mastercard (NYSE:MA) last posted 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. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $3.31 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,686 shares of company stock valued at $26,430,428 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

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.