Mastercard Incorporated $MA Shares Bought by Clearstead Advisors LLC

Clearstead Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,945 shares of the credit services provider’s stock after buying an additional 1,171 shares during the period. Clearstead Advisors LLC’s holdings in Mastercard were worth $34,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Churchill Financial Advisors LLC acquired a new position in Mastercard during the fourth quarter worth $343,000. SLT Holdings LLC lifted its stake in shares of Mastercard by 16.0% in the 4th quarter. SLT Holdings LLC now owns 472 shares of the credit services provider’s stock valued at $269,000 after purchasing an additional 65 shares during the last quarter. Glenview Trust Co lifted its stake in shares of Mastercard by 3.5% in the 4th quarter. Glenview Trust Co now owns 176,207 shares of the credit services provider’s stock valued at $100,593,000 after purchasing an additional 5,935 shares during the last quarter. Elite Life Management LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $214,000. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Mastercard by 0.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 6,666 shares of the credit services provider’s stock valued at $3,658,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on MA. Morgan Stanley reaffirmed an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Truist Financial decreased their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $739.00 price target on shares of Mastercard in a research note on Thursday, January 29th. Finally, Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $656.00.

View Our Latest Stock Analysis on Mastercard

Mastercard Price Performance

MA stock opened at $498.24 on Monday. 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 $440.24 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76. The business’s 50-day moving average is $501.67 and its two-hundred day moving average is $529.42. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.73 EPS. Analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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