Milestone Asset Management LLC Purchases 4,487 Shares of Mastercard Incorporated (NYSE:MA)

Milestone Asset Management LLC boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 519.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,351 shares of the credit services provider's stock after acquiring an additional 4,487 shares during the period. Milestone Asset Management LLC's holdings in Mastercard were worth $2,933,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MA. Norges Bank bought a new position in Mastercard in the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC raised its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 0.0%

MA stock traded down $0.04 during midday trading on Thursday, hitting $584.09. The company's stock had a trading volume of 712,310 shares, compared to its average volume of 2,598,435. 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 twelve month low of $428.86 and a twelve month high of $588.45. The company's fifty day moving average price is $545.93 and its 200 day moving average price is $540.81. The stock has a market capitalization of $532.52 billion, a P/E ratio of 42.05, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group lifted their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Truist Financial started coverage on shares of Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price objective on the stock. Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Finally, KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $610.00.

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.