Sava Infond d.o.o. Has $4.88 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Sava Infond d.o.o. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,895 shares of the credit services provider’s stock after selling 350 shares during the period. Mastercard makes up approximately 0.9% of Sava Infond d.o.o.’s portfolio, making the stock its 25th largest position. Sava Infond d.o.o.’s holdings in Mastercard were worth $4,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MA. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at $32,000. Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at $33,000. Finally, 10Elms LLP acquired a new position in Mastercard in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were 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 directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider now owns 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,890 shares of company stock valued at $27,003,492. Insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.8%

Shares of MA stock opened at $542.63 on Tuesday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market capitalization of $494.72 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.32 and a beta of 1.05. The firm has a 50-day moving average price of $560.33 and a 200 day moving average price of $544.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $610.00.

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.