819 Shares in Mastercard Incorporated (NYSE:MA) Acquired by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 819 shares of the credit services provider's stock, valued at approximately $449,000.

A number of other large investors have also recently bought and sold shares of MA. Brighton Jones LLC lifted its position in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Mastercard during the 4th quarter worth $83,644,000. Sovran Advisors LLC acquired a new position in Mastercard during the 4th quarter worth $1,125,000. Quent Capital LLC lifted its position in Mastercard by 22.9% during the 4th quarter. Quent Capital LLC now owns 4,396 shares of the credit services provider's stock worth $2,315,000 after acquiring an additional 820 shares during the last quarter. Finally, Augustine Asset Management Inc. lifted its position in Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock valued at $20,885,067 in the last quarter. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup upped their price objective on shares of 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 shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. KeyCorp upped 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. Finally, UBS Group upped their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Price Performance

Shares of Mastercard stock traded down $1.99 on Thursday, reaching $588.75. 1,983,945 shares of the stock were exchanged, compared to its average volume of 2,602,282. The firm's 50 day moving average is $551.43 and its 200-day moving average is $543.22. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $536.77 billion, a PE ratio of 42.39, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The business 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 firm's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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.