Eagle Global Advisors LLC Sells 565 Shares of Mastercard Incorporated (NYSE:MA)

Eagle Global Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,078 shares of the credit services provider’s stock after selling 565 shares during the quarter. Mastercard makes up approximately 1.0% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Eagle Global Advisors LLC’s holdings in Mastercard were worth $17,094,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter valued at about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $33,000. Barometer Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter valued at $36,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MA. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Piper Sandler began coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,785,580 shares of company stock valued at $812,239,407. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Down 0.0 %

Shares of Mastercard stock traded down $0.03 during midday trading on Friday, reaching $451.18. The company had a trading volume of 2,161,847 shares, compared to its average volume of 2,425,240. The stock has a fifty day moving average price of $464.86 and a 200 day moving average price of $444.94. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm has a market cap of $419.42 billion, a PE ratio of 35.86, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company earned $2.80 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 14.23 earnings per share for the current year.

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.