Retireful LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Retireful LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 510 shares of the credit services provider's stock, valued at approximately $276,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MA shares. Truist Financial started coverage on shares of Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price target for the company. Jefferies Financial Group upped their price target on shares of Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was 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 approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of NYSE MA traded up $0.63 during midday trading on Thursday, reaching $584.76. 1,479,651 shares of the stock traded hands, compared to its average volume of 2,603,057. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $533.13 billion, a PE ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company's 50 day moving average is $545.93 and its 200 day moving average is $540.81.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results 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 firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current 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.