New England Research & Management Inc. Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

New England Research & Management Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 194.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,705 shares of the credit services provider’s stock after purchasing an additional 1,125 shares during the period. New England Research & Management Inc.’s holdings in Mastercard were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Mastercard in the fourth quarter worth $83,644,000. Van ECK Associates Corp grew its stake in shares of Mastercard by 3.8% in the fourth quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider’s stock worth $97,246,000 after acquiring an additional 6,781 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of Mastercard by 1.1% in the fourth quarter. Naples Global Advisors LLC now owns 2,019 shares of the credit services provider’s stock worth $1,063,000 after acquiring an additional 21 shares during the last quarter. Finally, Buckhead Capital Management LLC boosted its position in shares of Mastercard by 0.6% during the fourth quarter. Buckhead Capital Management LLC now owns 3,140 shares of the credit services provider’s stock valued at $1,653,000 after buying an additional 20 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Finally, Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Performance

NYSE MA opened at $561.50 on Friday. The stock has a market capitalization of $511.92 billion, a PE ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The business has a 50 day simple moving average of $555.17 and a two-hundred day simple moving average of $543.88. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,686 shares of company stock worth $26,430,428 in the last quarter. 0.09% of the stock is 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.