IMPACTfolio LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

IMPACTfolio LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 430 shares of the credit services provider’s stock, valued at approximately $207,000.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Mastercard in the fourth quarter worth approximately $4,595,559,000. International Assets Investment Management LLC raised its position in shares of Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Capital International Investors boosted its position in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the period. Finally, Capital Research Global Investors increased its stake in Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders sold a total of 2,667,400 shares of company stock valued at $1,204,048,040 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. TD Cowen initiated coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Piper Sandler assumed coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Mastercard Stock Performance

MA traded up $0.82 during trading on Tuesday, hitting $448.93. The stock had a trading volume of 1,108,610 shares, compared to its average volume of 2,397,798. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a 50 day simple moving average of $453.64 and a 200-day simple moving average of $450.99. The firm has a market cap of $417.33 billion, a PE ratio of 35.62, a P/E/G ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the business posted $2.80 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 14.22 EPS for the current 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.