Richwood Investment Advisors LLC Buys 258 Shares of Mastercard Incorporated (NYSE:MA)

Richwood Investment Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,043 shares of the credit services provider’s stock after buying an additional 258 shares during the period. Mastercard accounts for about 1.6% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Richwood Investment Advisors LLC’s holdings in Mastercard were worth $1,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Mastercard in the fourth quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Mastercard in the fourth quarter worth $33,000. Barometer Capital Management Inc. purchased a new position in Mastercard during the third quarter worth $36,000. Finally, Thomas J. Herzfeld Advisors Inc. increased its position in Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MA shares. Morgan Stanley dropped their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $497.78.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold 1,573,580 shares of company stock valued at $715,722,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.6 %

Shares of MA stock traded down $2.58 during mid-day trading on Wednesday, hitting $456.52. 1,711,813 shares of the stock traded hands, compared to its average volume of 2,431,313. The stock’s fifty day moving average is $465.81 and its two-hundred day moving average is $444.82. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a market cap of $424.39 billion, a P/E ratio of 36.52, a P/E/G ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 14.23 EPS for the current year.

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.