Bluedoor Private Wealth LLC Purchases Shares of 6,952 Mastercard Incorporated $MA

Bluedoor Private Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,952 shares of the credit services provider’s stock, valued at approximately $3,969,000. Mastercard accounts for 1.8% of Bluedoor Private Wealth LLC’s portfolio, making the stock its 17th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares in the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after acquiring an additional 19 shares in the last quarter. Abacus Planning Group Inc. lifted its holdings in shares of Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 19 shares in the last quarter. Thomasville National Bank lifted its holdings in shares of Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC lifted its holdings in shares of Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $490.47 on Tuesday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $433.37 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.53 and a beta of 0.74. The company’s fifty day moving average price is $499.25 and its two-hundred day moving average price is $523.09.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the previous year, the business posted $3.73 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore restated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital restated a “buy” rating and set a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Tigress Financial lifted their target price on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. BMO Capital Markets assumed coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Finally, Truist Financial reduced their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $656.04.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.