Redwood Investment Management LLC Has $628,000 Position in Mastercard Incorporated (NYSE:MA)

Redwood Investment Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,192 shares of the credit services provider's stock after buying an additional 439 shares during the quarter. Redwood Investment Management LLC's holdings in Mastercard were worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its holdings in Mastercard by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider's stock worth $946,000 after buying an additional 41 shares during the last quarter. ERn Financial LLC lifted its holdings in shares of Mastercard by 44.2% during the 4th quarter. ERn Financial LLC now owns 659 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 202 shares in the last quarter. Rovin Capital UT ADV bought a new position in shares of Mastercard during the 4th quarter valued at about $225,000. Mirador Capital Partners LP bought a new position in shares of Mastercard during the 4th quarter valued at about $217,000. Finally, Ritholtz Wealth Management lifted its holdings in shares of Mastercard by 3.8% during the 4th quarter. Ritholtz Wealth Management now owns 18,004 shares of the credit services provider's stock valued at $9,480,000 after purchasing an additional 660 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.1%

NYSE:MA opened at $582.97 on Friday. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $584.29. The stock's 50 day moving average price is $535.67 and its two-hundred day moving average price is $535.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.31 EPS. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MA shares. Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research report on Tuesday, February 4th. Six equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

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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