Chapin Davis Inc. Has $633,000 Position in Mastercard Incorporated (NYSE:MA)

Chapin Davis Inc. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 182.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,154 shares of the credit services provider's stock after purchasing an additional 745 shares during the period. Chapin Davis Inc.'s holdings in Mastercard were worth $633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Mastercard in the 4th quarter valued at $83,644,000. Bank Pictet & Cie Europe AG increased its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after buying an additional 7,452 shares during the period. Pinnacle Financial Partners Inc raised its position in shares of Mastercard by 1.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 12,438 shares of the credit services provider's stock worth $6,474,000 after acquiring an additional 126 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Mastercard by 2.3% during the fourth quarter. First Horizon Advisors Inc. now owns 5,256 shares of the credit services provider's stock valued at $2,768,000 after acquiring an additional 116 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider now directly owns 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock worth $23,166,463 in the last three months. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Truist Financial initiated coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Down 1.2%

Shares of Mastercard stock opened at $532.18 on Monday. The firm has a market cap of $485.19 billion, a PE ratio of 37.32, a P/E/G ratio of 2.32 and a beta of 1.05. The business's 50 day simple moving average is $559.72 and its 200 day simple moving average is $544.81. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 earnings per share. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share 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.

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