Stableford Capital II LLC Decreases Position in Mastercard Incorporated (NYSE:MA)

Stableford Capital II LLC decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,897 shares of the credit services provider's stock after selling 517 shares during the period. Mastercard makes up 1.1% of Stableford Capital II LLC's portfolio, making the stock its 22nd biggest position. Stableford Capital II LLC's holdings in Mastercard were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of MA. Vanguard Group Inc. boosted its holdings in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. FMR LLC boosted its holdings in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank purchased a new position in Mastercard in the fourth quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP boosted its holdings in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 5.4%

MA opened at $538.45 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $490.91 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.35 and a beta of 1.05. The stock's 50 day moving average price is $559.27 and its 200 day moving average price is $544.47.

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 the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MA shares. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven 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 company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Activity at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the 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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock worth $23,166,463 in the last three months. 0.09% of the stock is owned by company insiders.

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.

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