City National Bank of Florida MSD Invests $610,000 in Mastercard Incorporated (NYSE:MA)

City National Bank of Florida MSD acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,159 shares of the credit services provider's stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC increased its stake in shares of Mastercard by 4.3% during the fourth 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 during the period. Geode Capital Management LLC increased its stake 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 bought a new position in shares of Mastercard during the fourth quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP increased its stake in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 1.0%

Shares of NYSE:MA traded down $5.92 during midday trading on Friday, reaching $564.23. The company's stock had a trading volume of 1,948,767 shares, compared to its average volume of 2,611,624. The firm has a market capitalization of $514.41 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $540.36 and a two-hundred day moving average price of $537.92. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MA shares. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Susquehanna raised their target price on Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Finally, Morgan Stanley reduced their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $606.25.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 in the last three months. Corporate insiders own 0.10% of the company's stock.

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.