TBH Global Asset Management LLC Sells 2,047 Shares of Mastercard Incorporated (NYSE:MA)

TBH Global Asset Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,688 shares of the credit services provider’s stock after selling 2,047 shares during the quarter. Mastercard comprises 1.6% of TBH Global Asset Management LLC’s portfolio, making the stock its 12th biggest holding. TBH Global Asset Management LLC’s holdings in Mastercard were worth $7,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Cypress Asset Management Inc. TX bought a new stake in Mastercard in the 4th quarter worth approximately $8,594,000. Avantax Planning Partners Inc. boosted its holdings in shares of Mastercard by 12.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 2,566 shares of the credit services provider’s stock worth $1,095,000 after purchasing an additional 290 shares during the period. SageView Advisory Group LLC boosted its holdings in shares of Mastercard by 25.9% in the 4th quarter. SageView Advisory Group LLC now owns 8,000 shares of the credit services provider’s stock worth $3,561,000 after purchasing an additional 1,648 shares during the period. BlackDiamond Wealth Management LLC boosted its holdings in shares of Mastercard by 12.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 723 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 82 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in shares of Mastercard by 1.2% in the 4th quarter. Balboa Wealth Partners now owns 7,104 shares of the credit services provider’s stock worth $3,030,000 after purchasing an additional 87 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock traded down $0.03 during mid-day trading on Friday, reaching $451.18. 2,161,851 shares of the company’s stock were exchanged, compared to its average volume of 2,420,568. The company has a market cap of $419.42 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The stock’s 50 day moving average is $464.86 and its 200 day moving average is $444.94. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

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

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on 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 $5,832,644.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,785,580 shares of company stock valued at $812,239,407. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MA. Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Raymond James boosted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Piper Sandler began coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Finally, Evercore ISI boosted their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

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.