Mastercard Incorporated (NYSE:MA) Stock Holdings Boosted by Castleark Management LLC

Castleark Management LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,269 shares of the credit services provider's stock after purchasing an additional 4,500 shares during the quarter. Mastercard makes up about 2.5% of Castleark Management LLC's holdings, making the stock its 9th biggest holding. Castleark Management LLC's holdings in Mastercard were worth $71,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Whalerock Point Partners LLC boosted its stake in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Dock Street Asset Management Inc. boosted its stake in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after acquiring an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares during the period. Avestar Capital LLC lifted its holdings in Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares in the last quarter. Finally, Norges Bank bought a new position in Mastercard in the 4th quarter worth $6,022,224,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the 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 sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MA shares. KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company lifted their target price on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Piper Sandler restated an "overweight" rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Mastercard Stock Down 1.0%

NYSE:MA opened at $580.67 on Wednesday. The firm has a market capitalization of $529.40 billion, a P/E ratio of 41.80, a PEG ratio of 2.37 and a beta of 1.06. The company's fifty day moving average price is $538.11 and its 200-day moving average price is $536.73. 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 1-year low of $428.86 and a 1-year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during 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%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

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.

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