Summa Corp. Buys New Holdings in Mastercard Incorporated (NYSE:MA)

Summa Corp. purchased a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,357 shares of the credit services provider’s stock, valued at approximately $1,005,000. Mastercard accounts for about 0.7% of Summa Corp.’s investment portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently made changes to their positions in MA. Cypress Wealth Services LLC grew its stake in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares during the period. Syntegra Private Wealth Group LLC raised its position in shares of Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the last quarter. Finally, Tufton Capital Management boosted its holdings in shares of Mastercard by 4.5% during the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Oppenheimer reiterated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. Finally, Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Stock Up 0.3 %

Shares of MA stock traded up $1.29 on Friday, reaching $456.78. 1,729,807 shares of the company’s stock traded hands, compared to its average volume of 2,456,368. The company has a market capitalization of $426.13 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. 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 business’s 50 day moving average price is $467.79 and its two-hundred day moving average price is $439.45.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $2.80 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction 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 $5,832,644.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the firm’s 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 sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,023,688 shares of company stock valued at $464,057,537. 0.13% of the stock is currently owned by corporate insiders.

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.