swisspartners Ltd. Boosts Holdings in Mastercard Incorporated (NYSE:MA)

swisspartners Ltd. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,577 shares of the credit services provider’s stock after purchasing an additional 87 shares during the quarter. swisspartners Ltd.’s holdings in Mastercard were worth $919,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. TD Ameritrade Investment Management LLC purchased a new position in Mastercard in the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. raised its stake in Mastercard by 196.3% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 80 shares of the credit services provider’s stock valued at $28,000 after buying an additional 53 shares during the last quarter. Tower View Investment Management & Research LLC boosted its stake in shares of Mastercard by 240.0% in the 1st quarter. Tower View Investment Management & Research LLC now owns 85 shares of the credit services provider’s stock worth $30,000 after buying an additional 60 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Mastercard during the fourth quarter valued at $31,000. Finally, Grandview Asset Management LLC purchased a new position in Mastercard in the first quarter worth about $33,000. Institutional investors and hedge funds own 74.00% of the company’s stock.

Mastercard stock traded up $0.05 during mid-day trading on Friday, reaching $364.35. 59,547 shares of the company traded hands, compared to its average volume of 3,911,867. Mastercard Incorporated has a fifty-two week low of $281.20 and a fifty-two week high of $401.50. The company has a fifty day moving average price of $372.08. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $361.09 billion, a P/E ratio of 55.79, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.19. Mastercard had a return on equity of 100.68% and a net margin of 42.38%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 7.75 EPS for the current year.

In related news, insider Michael Fraccaro sold 2,748 shares of the stock in a transaction on Monday, March 29th. The shares were sold at an average price of $364.24, for a total transaction of $1,000,931.52. Following the sale, the insider now directly owns 9,014 shares of the company’s stock, valued at $3,283,259.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin Stanton sold 29,052 shares of Mastercard stock in a transaction on Monday, April 12th. The shares were sold at an average price of $378.09, for a total transaction of $10,984,270.68. Following the completion of the transaction, the insider now directly owns 31,092 shares of the company’s stock, valued at approximately $11,755,574.28. The disclosure for this sale can be found here. Insiders sold a total of 46,015 shares of company stock worth $17,405,702 over the last ninety days. Insiders own 0.33% of the company’s stock.

A number of brokerages have recently issued reports on MA. Robert W. Baird reissued a “buy” rating on shares of Mastercard in a research report on Sunday, February 28th. Mizuho upped their price target on Mastercard from $430.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, April 30th. Morgan Stanley raised their price objective on Mastercard from $418.00 to $444.00 and gave the company an “overweight” rating in a research report on Monday, May 3rd. Truist upped their price objective on Mastercard from $415.00 to $450.00 in a report on Friday, March 5th. Finally, Jefferies Financial Group increased their price objective on shares of Mastercard from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $391.48.

About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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