Helium Advisors LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Helium Advisors LLC purchased a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 454 shares of the credit services provider’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Mastercard in the 4th quarter worth approximately $211,000. XML Financial LLC boosted its stake in Mastercard by 15.0% during the 4th quarter. XML Financial LLC now owns 1,142 shares of the credit services provider’s stock valued at $601,000 after purchasing an additional 149 shares during the last quarter. Advisory Alpha LLC boosted its stake in Mastercard by 12.7% during the 4th quarter. Advisory Alpha LLC now owns 1,683 shares of the credit services provider’s stock valued at $886,000 after purchasing an additional 190 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Mastercard by 1.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 332,955 shares of the credit services provider’s stock valued at $175,324,000 after purchasing an additional 3,706 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Mastercard by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 294,978 shares of the credit services provider’s stock valued at $155,327,000 after purchasing an additional 2,752 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MA. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $606.25.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

NYSE:MA opened at $569.74 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s 50-day simple moving average is $539.68 and its two-hundred day simple moving average is $537.40. The stock has a market cap of $519.44 billion, a PE ratio of 41.02, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the firm earned $3.31 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard 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.