Good Steward Wealth Advisors LLC Acquires Shares of 446 Mastercard Incorporated (NYSE:MA)

Good Steward Wealth Advisors LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 446 shares of the credit services provider’s stock, valued at approximately $244,000.

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

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company’s stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company’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 completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock worth $23,166,463 in the last quarter. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 5.4%

Shares of MA stock opened at $538.45 on Friday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The stock’s fifty day simple moving average is $559.27 and its 200 day simple moving average is $544.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.35 and a beta of 1.05.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $3.31 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard 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.