Brooklyn FI LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Brooklyn FI LLC purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,165 shares of the credit services provider's stock, valued at approximately $603,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC grew its position in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after purchasing an additional 912,856 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP raised its position in shares of Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after buying an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group increased their target price on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a report on Tuesday. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $608.57.

Mastercard Trading Up 1.0%

Shares of MA stock traded up $5.49 during mid-day trading on Friday, reaching $583.27. 4,580,252 shares of the stock traded hands, compared to its average volume of 2,613,673. The company has a market cap of $531.77 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock's fifty day simple moving average is $543.16 and its two-hundred day simple moving average is $539.17. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

About Mastercard

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.