5,063 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Sfm LLC

SFM LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,063 shares of the credit services provider's stock, valued at approximately $2,775,000. Mastercard makes up approximately 2.0% of SFM LLC's portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Mastercard by 9.6% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 110,977 shares of the credit services provider's stock valued at $60,829,000 after purchasing an additional 9,737 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Mastercard by 4.7% during the 1st quarter. Sound Income Strategies LLC now owns 665 shares of the credit services provider's stock valued at $365,000 after acquiring an additional 30 shares during the last quarter. CogentBlue Wealth Advisors LLC boosted its stake in Mastercard by 57.2% during the 1st quarter. CogentBlue Wealth Advisors LLC now owns 610 shares of the credit services provider's stock valued at $334,000 after acquiring an additional 222 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in Mastercard by 0.4% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 48,645 shares of the credit services provider's stock valued at $24,797,000 after acquiring an additional 203 shares during the last quarter. Finally, Aries Wealth Management boosted its stake in Mastercard by 61.1% during the 1st quarter. Aries Wealth Management now owns 1,927 shares of the credit services provider's stock valued at $1,056,000 after acquiring an additional 731 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MA. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group upped their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Price Performance

MA stock traded up $11.02 during trading hours on Monday, hitting $573.05. 1,098,787 shares of the stock traded hands, compared to its average volume of 2,610,365. The stock has a 50-day simple moving average of $555.17 and a 200 day simple moving average of $544.04. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a market cap of $522.46 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.37 and a beta of 1.05. 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 (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $3.31 earnings per share. The company's quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity

In other news, 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 completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $8,678,774.00. Following the sale, the chief executive officer now directly 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. Insiders sold a total of 46,686 shares of company stock valued at $26,430,428 over the last three months. Insiders own 0.09% of the company's stock.

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.