M1 Capital Management LLC Takes $406,000 Position in Mastercard Incorporated (NYSE:MA)

M1 Capital Management LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 771 shares of the credit services provider's stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. NewSquare Capital LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $32,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 1.0%

NYSE MA traded up $5.49 during mid-day trading on Friday, reaching $583.27. The stock had a trading volume of 4,581,021 shares, compared to its average volume of 2,615,372. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The stock has a market cap of $531.77 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a fifty day moving average price of $543.16 and a 200 day moving average price of $539.17. 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 (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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The stock was 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 directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 in the last three months. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research note on Tuesday. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Macquarie cut their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada lifted their price objective on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $608.57.

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.