Mastercard Incorporated (NYSE:MA) Shares Purchased by Rockline Wealth Management LLC

Rockline Wealth Management LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,335 shares of the credit services provider's stock after buying an additional 507 shares during the period. Mastercard accounts for approximately 1.3% of Rockline Wealth Management LLC's holdings, making the stock its 24th largest holding. Rockline Wealth Management LLC's holdings in Mastercard were worth $4,569,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,513 shares of company stock valued at $23,166,463 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. 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. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Price Performance

Shares of MA opened at $532.18 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a fifty day moving average price of $559.72 and a 200 day moving average price of $544.51. The company has a market cap of $485.19 billion, a P/E ratio of 37.32, a PEG ratio of 2.35 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast 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.

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