Pallas Capital Advisors LLC Has $8.67 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Pallas Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,820 shares of the credit services provider's stock after purchasing an additional 722 shares during the period. Pallas Capital Advisors LLC's holdings in Mastercard were worth $8,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in 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 approximately $32,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MA. KeyCorp boosted 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. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Trading Down 0.3%

MA stock traded down $1.99 during trading on Thursday, hitting $588.75. The company had a trading volume of 1,983,945 shares, compared to its average volume of 2,602,800. The stock has a market cap of $536.77 billion, a PE ratio of 42.39, a PEG ratio of 2.37 and a beta of 1.05. The business has a 50-day moving average of $551.43 and a 200-day moving average of $543.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.