Mastercard Incorporated (NYSE:MA) Shares Sold by Safeguard Financial LLC

by · The Cerbat Gem

Safeguard Financial LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the credit services provider’s stock after selling 107 shares during the period. Safeguard Financial LLC’s holdings in Mastercard were worth $698,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MA. Signal Advisors Wealth LLC boosted its holdings in shares of Mastercard by 24.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,739 shares of the credit services provider’s stock valued at $953,000 after buying an additional 347 shares during the period. Ullmann Wealth Partners Group LLC boosted its holdings in shares of Mastercard by 16.1% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 737 shares of the credit services provider’s stock valued at $404,000 after buying an additional 102 shares during the period. Foster Group Inc. boosted its holdings in shares of Mastercard by 57.5% in the 1st quarter. Foster Group Inc. now owns 1,580 shares of the credit services provider’s stock valued at $866,000 after buying an additional 577 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of Mastercard by 18.8% in the 1st quarter. Annex Advisory Services LLC now owns 1,615 shares of the credit services provider’s stock valued at $885,000 after buying an additional 256 shares during the period. Finally, Breakwater Capital Group boosted its holdings in shares of Mastercard by 6.3% in the 1st quarter. Breakwater Capital Group now owns 1,142 shares of the credit services provider’s stock valued at $626,000 after buying an additional 68 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on shares of Mastercard in a research report on Monday. They issued a “buy” rating and a $640.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Check Out Our Latest Stock Analysis on MA

Mastercard Stock Performance

Shares of MA opened at $584.76 on Friday. The firm’s 50 day moving average is $546.65 and its 200-day moving average is $541.24. The stock has a market capitalization of $533.13 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05. 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 12-month low of $428.86 and a 12-month high of $588.45.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last quarter. Insiders own 0.09% of the company’s stock.

Mastercard Profile

(Free Report)

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.

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