Brighton Jones LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Brighton Jones LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,955 shares of the credit services provider’s stock after purchasing an additional 131 shares during the quarter. Brighton Jones LLC’s holdings in Mastercard were worth $3,812,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Newport Capital Group LLC grew its holdings in Mastercard by 3.6% during the 1st quarter. Newport Capital Group LLC now owns 1,798 shares of the credit services provider’s stock valued at $985,000 after purchasing an additional 63 shares during the last quarter. BayBridge Capital Group LLC bought a new position in Mastercard during the 1st quarter valued at about $203,000. Atlas Private Wealth Advisors grew its holdings in Mastercard by 9.3% during the 1st quarter. Atlas Private Wealth Advisors now owns 1,277 shares of the credit services provider’s stock valued at $700,000 after purchasing an additional 109 shares during the last quarter. SFM LLC bought a new position in Mastercard during the 1st quarter valued at about $2,775,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Mastercard by 9.6% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 110,977 shares of the credit services provider’s stock valued at $60,829,000 after purchasing an additional 9,737 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,686 shares of company stock valued at $26,430,428. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 4.7%

Shares of Mastercard stock opened at $561.50 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average price of $555.17 and a 200 day moving average price of $543.96. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a market cap of $511.92 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price on the stock. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

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.