United Capital Financial Advisers LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Posted by Defense World Staff on Jun 15th, 2023

United Capital Financial Advisers LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,231 shares of the credit services provider’s stock after buying an additional 948 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Mastercard were worth $70,670,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Transform Wealth LLC raised its holdings in Mastercard by 4.5% in the fourth quarter. Transform Wealth LLC now owns 5,090 shares of the credit services provider’s stock valued at $1,770,000 after acquiring an additional 220 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Mastercard by 20.5% in the fourth quarter. Kestra Advisory Services LLC now owns 73,278 shares of the credit services provider’s stock valued at $25,481,000 after acquiring an additional 12,481 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in Mastercard by 488.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $2,248,000 after acquiring an additional 5,364 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in Mastercard by 4.1% in the fourth quarter. Capital Advisors Inc. OK now owns 910 shares of the credit services provider’s stock valued at $316,000 after acquiring an additional 36 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at $198,000. 74.51% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA opened at $374.76 on Thursday. The firm has a 50-day moving average price of $374.44 and a 200 day moving average price of $364.64. The firm has a market capitalization of $355.22 billion, a PE ratio of 37.44, a P/E/G ratio of 1.72 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.84. Mastercard Incorporated has a 52-week low of $276.87 and a 52-week high of $392.20.

Mastercard (NYSE:MA – Get Rating) last announced its earnings results on Thursday, April 27th. The credit services provider reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.09. Mastercard had a net margin of 42.33% and a return on equity of 169.12%. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the firm posted $2.76 EPS. Mastercard’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 12.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $386.28, for a total value of $48,600,204.48. Following the completion of the sale, the insider now directly owns 100,437,277 shares of the company’s stock, valued at approximately $38,796,911,359.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, insider Raghuvir Malhotra sold 11,398 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $381.62, for a total transaction of $4,349,704.76. Following the completion of the sale, the insider now directly owns 9,465 shares of the company’s stock, valued at $3,612,033.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $386.28, for a total transaction of $48,600,204.48. Following the sale, the insider now directly owns 100,437,277 shares of the company’s stock, valued at $38,796,911,359.56. The disclosure for this sale can be found here. In the last three months, insiders sold 547,243 shares of company stock valued at $209,102,122. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on MA. StockNews.com began coverage on shares of Mastercard in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Tigress Financial increased their target price on shares of Mastercard from $472.00 to $476.00 in a report on Thursday, May 4th. Robert W. Baird increased their target price on shares of Mastercard from $410.00 to $435.00 in a report on Friday, April 28th. Mizuho dropped their target price on shares of Mastercard from $405.00 to $400.00 in a report on Tuesday, May 2nd. Finally, Citigroup increased their target price on shares of Mastercard from $435.00 to $440.00 in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $417.27.

About Mastercard

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.