Blue Barn Wealth LLC Reduces Holdings in Mastercard Incorporated (NYSE:MA)

Blue Barn Wealth LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,064 shares of the credit services provider’s stock after selling 176 shares during the quarter. Blue Barn Wealth LLC’s holdings in Mastercard were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cypress Wealth Services LLC grew its stake in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 24 shares during the period. Syntegra Private Wealth Group LLC increased its holdings in Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after buying an additional 24 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares during the period. Indiana Trust & Investment Management CO boosted its stake in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Finally, Tufton Capital Management boosted its holdings in shares of Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after buying an additional 26 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 872,088 shares of company stock valued at $395,452,118. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. KeyCorp lifted their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Price Performance

NYSE MA traded up $1.71 during trading on Wednesday, hitting $454.77. 2,305,998 shares of the company’s stock were exchanged, compared to its average volume of 2,469,559. The company has a market cap of $424.25 billion, a PE ratio of 35.93, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock’s 50 day moving average price is $468.64 and its two-hundred day moving average price is $439.23.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. Research analysts expect that Mastercard Incorporated will post 14.22 EPS for the current 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.