2,116 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,116 shares of the credit services provider's stock, valued at approximately $1,114,000. Mastercard makes up 1.0% of Sunbeam Capital Management LLC's portfolio, making the stock its 25th largest holding.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Mastercard during the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. acquired a new stake in Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC acquired a new position in Mastercard during the 4th quarter valued at $617,303,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MA. Royal Bank of Canada increased their price objective on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. UBS Group lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a report on Wednesday. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Finally, KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $608.57.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now 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 23,207 shares of company stock valued at $12,664,529 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Up 0.3%

Shares of NYSE:MA traded up $1.93 on Friday, reaching $579.71. The company had a trading volume of 781,725 shares, compared to its average volume of 2,598,694. The firm's 50 day simple moving average is $543.16 and its 200-day simple moving average is $539.17. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The firm has a market capitalization of $528.53 billion, a PE ratio of 41.74, a PEG ratio of 2.37 and a beta of 1.06. 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 posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.31 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal 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.