Sachetta LLC Buys Shares of 197 Mastercard Incorporated (NYSE:MA)

Sachetta LLC purchased a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 197 shares of the credit services provider’s stock, valued at approximately $84,000.

A number of other institutional investors also recently modified their holdings of MA. Cypress Wealth Services LLC boosted its stake in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC grew its holdings in shares of Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors grew its holdings in shares of Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the period. Indiana Trust & Investment Management CO lifted its stake in shares of Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Finally, Tufton Capital Management lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 26 shares during the period. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MA shares. KeyCorp raised their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Raymond James raised their target price on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 122,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the completion of the sale, the insider now directly owns 94,971,308 shares of the company’s stock, valued at $43,705,795,941.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,573,580 shares of company stock valued at $715,722,727 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $459.10 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $426.78 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The stock’s 50-day moving average price is $465.81 and its 200-day moving average price is $444.82.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business 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 company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. Equities research analysts predict that Mastercard Incorporated will post 14.23 EPS for the current fiscal 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.