Mastercard Incorporated (NYSE:MA) Holdings Increased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,190 shares of the credit services provider’s stock after purchasing an additional 415 shares during the quarter. Mastercard comprises 3.5% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. SGL Investment Advisors Inc.’s holdings in Mastercard were worth $6,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Regent Peak Wealth Advisors LLC lifted its stake in Mastercard by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 41 shares in the last quarter. R.H. Investment Group LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $6,630,000. Rockingstone Advisors LLC raised its position in shares of Mastercard by 6.3% during the 4th quarter. Rockingstone Advisors LLC now owns 4,927 shares of the credit services provider’s stock valued at $2,594,000 after buying an additional 290 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Mastercard by 13.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 422 shares of the credit services provider’s stock valued at $222,000 after buying an additional 50 shares in the last quarter. Finally, Sawyer & Company Inc raised its position in shares of Mastercard by 0.4% during the 4th quarter. Sawyer & Company Inc now owns 6,967 shares of the credit services provider’s stock valued at $3,668,000 after buying an additional 29 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.5%

Shares of MA opened at $581.71 on Friday. The firm’s 50-day moving average price is $534.53 and its 200-day moving average price is $534.95. The firm has a market capitalization of $530.35 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $583.50.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Susquehanna raised their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $606.25.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The shares were 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 directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last quarter. Corporate insiders own 0.10% 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. 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.