Breed s Hill Capital LLC Acquires 983 Shares of Mastercard Incorporated (NYSE:MA)

Breed s Hill Capital LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 158.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,603 shares of the credit services provider's stock after purchasing an additional 983 shares during the quarter. Breed s Hill Capital LLC's holdings in Mastercard were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at about $32,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard during the 4th quarter worth about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA traded down $5.92 during trading on Friday, hitting $564.23. 1,948,767 shares of the company were exchanged, compared to its average volume of 2,611,624. The business's 50 day moving average is $540.36 and its 200-day moving average is $538.06. The company has a market capitalization of $514.41 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

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

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's 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 sale, the insider now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was 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 directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on MA shares. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $606.25.

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.