Pacific Point Advisors LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Pacific Point Advisors LLC bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,789 shares of the credit services provider's stock, valued at approximately $1,560,000. Mastercard makes up approximately 1.0% of Pacific Point Advisors LLC's investment portfolio, making the stock its 17th biggest holding.

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

Mastercard Stock Up 0.0%

Shares of NYSE MA opened at $569.74 on Friday. The stock has a market cap of $519.44 billion, a PE ratio of 41.02, a PEG ratio of 2.37 and a beta of 1.06. The business has a fifty day moving average of $539.68 and a two-hundred day moving average of $537.40. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

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, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $3.31 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup increased 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. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. 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. Finally, Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $606.25.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at $2,024,394.75. This represents a 4.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 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 approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.