Sand Hill Global Advisors LLC Has $573,000 Stake in Mastercard Incorporated (NYSE:MA)

Sand Hill Global Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,342 shares of the credit services provider’s stock after buying an additional 327 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Mastercard were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the fourth quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard during the fourth quarter worth about $27,000. Criterion Capital Advisors LLC bought a new position in shares of Mastercard during the fourth quarter worth about $33,000. Barometer Capital Management Inc. bought a new position in shares of Mastercard during the third quarter worth about $36,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Barclays decreased their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. BMO Capital Markets raised their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Evercore ISI raised their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Mizuho cut their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Trading Down 0.6 %

Shares of NYSE:MA traded down $2.83 during midday trading on Thursday, reaching $453.69. The company’s stock had a trading volume of 543,162 shares, compared to its average volume of 2,411,833. The firm has a market capitalization of $421.75 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $465.42 and a two-hundred day moving average price of $444.90. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 EPS. As a group, analysts forecast that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total transaction of $49,378,680.00. Following the transaction, the insider now directly owns 94,863,308 shares of the company’s stock, valued at approximately $43,372,453,050.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00. Following the sale, the insider now directly owns 94,863,308 shares of the company’s stock, valued at $43,372,453,050.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,681,580 shares of company stock valued at $765,101,407. 0.10% of the stock is owned by company insiders.

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.