Chatham Capital Group Inc. Raises Stake in Mastercard Incorporated (NYSE:MA)

Chatham Capital Group Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,917 shares of the credit services provider’s stock after purchasing an additional 77 shares during the period. Chatham Capital Group Inc.’s holdings in Mastercard were worth $3,243,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter valued at about $26,000. Marshall Investment Management LLC purchased a new position in Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter worth $33,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $584.34 on Thursday. The business’s 50-day moving average price is $545.93 and its 200 day moving average price is $540.81. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The firm has a market cap of $532.75 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MA. Truist Financial began coverage on shares of Mastercard in a research report on Monday. They issued a “buy” rating and a $640.00 price objective for the company. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,207 shares of company stock worth $12,664,529. 0.09% of the stock is owned by corporate insiders.

Mastercard Company 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.