Mastercard Incorporated (NYSE:MA) Stock Position Decreased by HCR Wealth Advisors

HCR Wealth Advisors cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,844 shares of the credit services provider’s stock after selling 45 shares during the period. HCR Wealth Advisors’ holdings in Mastercard were worth $2,107,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the 4th quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth about $30,000. Finally, 10Elms LLP purchased a new position in Mastercard during the 4th quarter valued at about $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $538.45 on Thursday. The firm has a fifty day moving average of $558.50 and a two-hundred day moving average of $544.42. The stock has a market capitalization of $490.91 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

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. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. Mastercard’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Seven investment 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 company currently has an average 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.