Meridian Wealth Management LLC increased its stake in shares of Mastercard (NYSE:MA) by 70.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,263 shares of the credit services provider’s stock after buying an additional 2,173 shares during the quarter. Meridian Wealth Management LLC’s holdings in Mastercard were worth $922,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Westfield Capital Management Co. LP boosted its holdings in shares of Mastercard by 9.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 647,678 shares of the credit services provider’s stock valued at $91,452,000 after purchasing an additional 56,757 shares in the last quarter. Tredje AP fonden boosted its holdings in shares of Mastercard by 49.4% in the 3rd quarter. Tredje AP fonden now owns 123,057 shares of the credit services provider’s stock valued at $17,376,000 after purchasing an additional 40,662 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in shares of Mastercard by 4.2% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 12,927 shares of the credit services provider’s stock valued at $1,825,000 after purchasing an additional 522 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Mastercard by 291.8% in the 3rd quarter. Pinebridge Investments L.P. now owns 37,374 shares of the credit services provider’s stock valued at $5,278,000 after purchasing an additional 27,834 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Mastercard by 6.5% in the 3rd quarter. Stifel Financial Corp now owns 686,324 shares of the credit services provider’s stock valued at $96,894,000 after purchasing an additional 42,000 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Get Mastercard alerts:Mastercard opened at $191.62 on Wednesday, Marketbeat Ratings reports. Mastercard has a 1-year low of $118.97 and a 1-year high of $194.72. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $199.61 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 30.9% on a year-over-year basis. analysts expect that Mastercard will post 6.26 earnings per share for the current year.
MA has been the topic of a number of research analyst reports. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Wednesday, January 24th. Morgan Stanley raised their price objective on Mastercard from $163.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Oppenheimer raised their price objective on Mastercard from $160.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Barclays raised their price objective on Mastercard from $170.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Sandler O’Neill raised Mastercard from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $185.95.
In other news, insider Michael Fraccaro sold 3,993 shares of Mastercard stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total value of $692,266.41. Following the completion of the transaction, the insider now directly owns 5,353 shares of the company’s stock, valued at approximately $928,049.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $173.22, for a total value of $866,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 306,209 shares of company stock valued at $56,620,393. Corporate insiders own 0.32% of the company’s stock.
Mastercard Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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