Port Capital LLC Buys 860 Shares of Mastercard Incorporated (NYSE:MA)

Port Capital LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,049 shares of the credit services provider’s stock after acquiring an additional 860 shares during the period. Mastercard accounts for about 2.6% of Port Capital LLC’s portfolio, making the stock its 15th biggest position. Port Capital LLC’s holdings in Mastercard were worth $57,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NewSquare Capital LLC bought a new position in shares of Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $33,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by company insiders.

Mastercard Stock Down 0.6%

Shares of NYSE:MA opened at $572.89 on Thursday. The company has a market capitalization of $522.31 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $533.61 and its 200-day moving average is $534.45. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.86.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MA. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Morgan Stanley cut their price objective on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $606.25.

About Mastercard

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.