EdgeRock Capital LLC Acquires 103 Shares of Mastercard Incorporated (NYSE:MA)

EdgeRock Capital LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 716 shares of the credit services provider’s stock after acquiring an additional 103 shares during the quarter. EdgeRock Capital LLC’s holdings in Mastercard were worth $330,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after acquiring an additional 251,516 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after buying an additional 306,663 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Mastercard by 1.1% during the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after buying an additional 56,642 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mastercard by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after buying an additional 107,953 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.58, for a total value of $65,794,260.00. Following the completion of the sale, the insider now directly owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 872,088 shares of company stock valued at $395,452,118. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Raymond James upped their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada upped their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Mastercard Trading Up 0.8 %

NYSE MA traded up $3.76 during trading on Tuesday, hitting $453.13. The stock had a trading volume of 2,345,329 shares, compared to its average volume of 2,471,482. The company has a market capitalization of $422.72 billion, a PE ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a 50 day moving average price of $468.64 and a 200 day moving average price of $439.23. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the company posted $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.22 earnings per share 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.