Vima LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Vima LLC bought a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 352 shares of the credit services provider’s stock, valued at approximately $150,000.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Cross Staff Investments Inc lifted its holdings in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares in the last quarter. Everett Harris & Co. CA lifted its holdings in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after acquiring an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA traded down $0.37 on Friday, reaching $444.63. The company had a trading volume of 2,161,546 shares, compared to its average volume of 2,074,082. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $413.33 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The firm’s 50 day moving average price is $454.26 and its 200 day moving average price is $450.18. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on MA shares. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Piper Sandler assumed coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders have sold 2,551,400 shares of company stock valued at $1,152,586,960 in the last ninety days. Insiders own 0.10% of the company’s stock.

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.