Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,833 shares of the credit services provider's stock after buying an additional 773 shares during the period. Mastercard accounts for 0.6% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 28th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Mastercard were worth $11,419,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Addison Advisors LLC boosted its position in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the last quarter. Capital Investment Services of America Inc. boosted its holdings in shares of Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after acquiring an additional 19 shares during the last quarter. Augustine Asset Management Inc. lifted its position in Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after purchasing an additional 19 shares during the period. Richard W. Paul & Associates LLC raised its stake in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the last quarter. Finally, Founders Financial Alliance LLC grew its holdings in Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MA shares. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Jefferies Financial Group increased their target price on Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday. Six investment 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on 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 owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% 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 valued at $12,664,529. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of MA traded up $2.09 during mid-day trading on Thursday, hitting $586.22. 525,308 shares of the company's stock were exchanged, compared to its average volume of 2,597,606. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The business's 50 day moving average is $545.93 and its two-hundred day moving average is $540.81. The firm has a market capitalization of $534.46 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.37 and a beta of 1.05.

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 the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for 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%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 EPS. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.