Mastercard Incorporated (NYSE:MA) is Roman Butler Fullerton & Co.’s 5th Largest Position

Roman Butler Fullerton & Co. increased its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,475 shares of the credit services provider’s stock after buying an additional 36 shares during the quarter. Mastercard accounts for about 2.9% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its 5th largest position. Roman Butler Fullerton & Co.’s holdings in Mastercard were worth $7,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Mastercard during the fourth quarter valued at about $6,022,224,000. GAMMA Investing LLC lifted its position in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mastercard during the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC grew its stake in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares during the period. Finally, Northern Trust Corp increased its holdings in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,513 shares of company stock worth $23,166,463. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MA. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. KeyCorp lifted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Performance

Mastercard stock opened at $569.56 on Wednesday. The company’s 50-day moving average price is $558.05 and its 200-day moving average price is $544.46. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market cap of $519.27 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.