Smithbridge Asset Management Inc. DE Makes New $5.17 Million Investment in Mastercard Incorporated (NYSE:MA)

Smithbridge Asset Management Inc. DE purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,426 shares of the credit services provider's stock, valued at approximately $5,167,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Mastercard during the fourth quarter worth $83,644,000. Capital Advisors Inc. OK raised its stake in shares of Mastercard by 12.3% in the fourth quarter. Capital Advisors Inc. OK now owns 1,400 shares of the credit services provider's stock valued at $737,000 after acquiring an additional 153 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Mastercard by 10.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,894 shares of the credit services provider's stock valued at $997,000 after purchasing an additional 177 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Mastercard by 3.8% in the fourth quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider's stock valued at $97,246,000 after purchasing an additional 6,781 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated 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 $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 sold 37,258 shares of company stock worth $20,885,067 over the last 90 days. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Finally, KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Seven 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Stock Performance

Shares of MA stock traded down $27.78 during trading hours on Friday, reaching $561.50. 5,902,461 shares of the company's stock were exchanged, compared to its average volume of 2,614,345. 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 company's 50 day moving average is $553.50 and its two-hundred day moving average is $543.65. The company has a market cap of $511.92 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 earnings per share. Mastercard's revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Company 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.