Whelan Financial Makes New $244,000 Investment in Mastercard Incorporated (NYSE:MA)

Whelan Financial purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 464 shares of the credit services provider's stock, valued at approximately $244,000.

A number of other large investors have also recently modified their holdings of the company. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new stake in Mastercard during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the 4th quarter worth $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Finally, Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 over the last quarter. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Up 0.3%

NYSE:MA opened at $585.29 on Tuesday. The firm has a market capitalization of $533.61 billion, a P/E ratio of 42.14, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The company's fifty day moving average price is $536.88 and its 200-day moving average price is $536.43. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

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.

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