Breed s Hill Capital LLC Takes $242,000 Position in Mastercard Incorporated (NYSE:MA)

Breed s Hill Capital LLC purchased a new stake in 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 institutional investor purchased 567 shares of the credit services provider’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently bought and sold shares of MA. Cypress Wealth Services LLC boosted its holdings in Mastercard by 2.9% in 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 during the period. Syntegra Private Wealth Group LLC grew its position in Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after buying an additional 24 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in 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 position in shares of Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. Finally, Tufton Capital Management grew its holdings in shares of Mastercard by 4.5% during the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the 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 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 1,023,688 shares of company stock valued at $464,057,537. 0.13% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of NYSE:MA traded up $0.76 on Thursday, hitting $455.53. The company’s stock had a trading volume of 1,970,118 shares, compared to its average volume of 2,464,441. 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 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $424.96 billion, a PE ratio of 36.21, a PEG ratio of 1.74 and a beta of 1.08. The company has a 50-day simple moving average of $468.16 and a 200 day simple moving average of $439.34.

Mastercard (NYSE:MA) last posted 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 company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Evercore ISI upped their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Finally, Barclays cut their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

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.