Cyndeo Wealth Partners LLC Has $6.01 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Cyndeo Wealth Partners LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,968 shares of the credit services provider's stock after purchasing an additional 1,072 shares during the period. Cyndeo Wealth Partners LLC's holdings in Mastercard were worth $6,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC lifted its holdings in Mastercard by 4.3% in 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 during the last quarter. Geode Capital Management LLC boosted its position in 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 position in Mastercard during 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 purchasing an additional 817,836 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider now directly owns 25,540 shares of the company's stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,645 shares of company stock worth $26,979,801 in the last three months. Insiders own 0.09% of the company's stock.

Mastercard Stock Up 1.2%

Shares of MA stock traded up $6.49 on Monday, hitting $568.52. 3,107,510 shares of the stock were exchanged, compared to its average volume of 2,618,016. The firm has a market capitalization of $518.32 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The business has a 50-day moving average of $555.17 and a 200 day moving average of $544.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last announced 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. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on MA. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Seven research 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, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus price target 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.