Roman Butler Fullerton & Co. Has $7.49 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Roman Butler Fullerton & Co. grew its stake in Mastercard Incorporated (NYSE:MA) by 0.2% during the first quarter, Holdings Channel.com reports. The fund owned 14,475 shares of the credit services provider’s stock after purchasing an additional 36 shares during the quarter. Mastercard makes up 2.9% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its 5th biggest position. Roman Butler Fullerton & Co.’s holdings in Mastercard were worth $7,489,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pegasus Asset Management Inc. grew its holdings in Mastercard by 0.6% during the 1st quarter. Pegasus Asset Management Inc. now owns 17,220 shares of the credit services provider’s stock worth $9,439,000 after acquiring an additional 108 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Mastercard by 2.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,533 shares of the credit services provider’s stock worth $2,485,000 after buying an additional 99 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Mastercard by 5.3% during the first quarter. Shepherd Financial Partners LLC now owns 3,777 shares of the credit services provider’s stock valued at $2,070,000 after acquiring an additional 189 shares in the last quarter. Clarius Group LLC increased its stake in Mastercard by 15.2% during the 1st quarter. Clarius Group LLC now owns 8,829 shares of the credit services provider’s stock valued at $4,839,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its position in shares of Mastercard by 1.4% in the 1st quarter. Hemenway Trust Co LLC now owns 101,380 shares of the credit services provider’s stock valued at $55,569,000 after acquiring an additional 1,397 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Stock Performance

Shares of Mastercard stock opened at $569.56 on Wednesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $519.27 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The business has a 50-day moving average of $558.05 and a 200 day moving average of $544.46. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current 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.