Mastercard Incorporated (NYSE:MA) Position Increased by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,917 shares of the credit services provider’s stock after acquiring an additional 77 shares during the quarter. Chatham Capital Group Inc.’s holdings in Mastercard were worth $3,243,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Truist Financial started coverage on shares of Mastercard in a report on Monday. They issued a “buy” rating and a $640.00 price target for the company. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Jefferies Financial Group upped their target price on shares of Mastercard from $630.00 to $655.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Six investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Performance

MA opened at $584.34 on Thursday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. 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 price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business’s fifty day moving average is $545.93 and its 200-day moving average is $540.81.

Mastercard (NYSE:MA) 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 analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.31 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% 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 over the last three months. 0.09% of the stock is owned by insiders.

Mastercard 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.