Mastercard Incorporated (NYSE:MA) Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 5.3% in the second quarter, HoldingsChannel reports. The firm owned 11,897 shares of the credit services provider’s stock after acquiring an additional 601 shares during the quarter. WealthPLAN Partners LLC’s holdings in Mastercard were worth $5,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gilbert & Cook Inc. grew its stake in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 241 shares in the last quarter. Aveo Capital Partners LLC boosted its position in shares of Mastercard by 8.8% during the 4th quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after acquiring an additional 116 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of Mastercard by 7.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after acquiring an additional 571 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Mastercard by 114.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock worth $1,486,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Sachetta LLC purchased a new stake in Mastercard during the fourth quarter worth approximately $84,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 720,467 shares of company stock valued at $331,875,955 over the last three months. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays lifted their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Finally, Evercore ISI cut their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Stock Performance

Shares of MA opened at $497.74 on Tuesday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $498.32. The stock has a market cap of $462.71 billion, a P/E ratio of 39.57, a PEG ratio of 1.92 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average of $461.70 and a two-hundred day moving average of $460.35.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, research analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

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.