Zhang Financial LLC Acquires 107 Shares of Mastercard Incorporated (NYSE:MA)

Zhang Financial LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,587 shares of the credit services provider’s stock after acquiring an additional 107 shares during the period. Zhang Financial LLC’s holdings in Mastercard were worth $764,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC raised its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares during the period. Benin Management CORP raised its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares during the period. Atticus Wealth Management LLC raised its holdings in Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after buying an additional 23 shares during the period. Finally, Strategic Advisors LLC raised its holdings in Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after buying an additional 23 shares during the period. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on MA shares. Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Finally, Piper Sandler started coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Mastercard Stock Performance

Shares of MA stock traded down $2.55 on Wednesday, hitting $456.55. The company’s stock had a trading volume of 1,712,905 shares, compared to its average volume of 2,431,329. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average is $465.42 and its 200-day moving average is $444.90. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a market capitalization of $424.41 billion, a PE ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the company posted $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders sold 1,573,580 shares of company stock valued at $715,722,727 over the last quarter. 0.10% of the stock is owned by company insiders.

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.