Donaldson Capital Management LLC Buys 850 Shares of Mastercard Incorporated (NYSE:MA)

Donaldson Capital Management LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,521 shares of the credit services provider's stock after purchasing an additional 850 shares during the quarter. Donaldson Capital Management LLC's holdings in Mastercard were worth $11,248,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in 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 buying an additional 377,302 shares in the last quarter. FMR LLC grew its position in 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 buying an additional 912,856 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 282,739 shares in the last quarter. Norges Bank purchased a new position in Mastercard during the fourth quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP grew its position in 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 buying an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares in the company, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,686 shares of company stock worth $26,430,428. Company insiders own 0.09% of the company's stock.

Mastercard Trading Down 4.7%

MA traded down $27.78 during midday trading on Friday, reaching $561.50. 5,902,461 shares of the company's stock traded hands, compared to its average volume of 2,614,237. The firm has a fifty day moving average of $555.17 and a two-hundred day moving average of $543.88. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. 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 released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.31 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Company 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.