Stokes Capital Advisors LLC Has $8 Million Stake in Mastercard Incorporated (NYSE:MA)

Stokes Capital Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,602 shares of the credit services provider’s stock after selling 35 shares during the period. Mastercard comprises about 2.0% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Stokes Capital Advisors LLC’s holdings in Mastercard were worth $8,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky boosted its stake in shares of Mastercard by 0.9% during the 1st quarter. Independence Bank of Kentucky now owns 6,797 shares of the credit services provider’s stock valued at $3,726,000 after buying an additional 62 shares during the period. Harrington Investments INC boosted its stake in shares of Mastercard by 2.0% during the 1st quarter. Harrington Investments INC now owns 3,478 shares of the credit services provider’s stock valued at $1,906,000 after buying an additional 67 shares during the period. First Affirmative Financial Network boosted its stake in shares of Mastercard by 5.3% during the 1st quarter. First Affirmative Financial Network now owns 4,576 shares of the credit services provider’s stock valued at $2,508,000 after buying an additional 231 shares during the period. Congress Asset Management Co. boosted its stake in shares of Mastercard by 1.3% during the 1st quarter. Congress Asset Management Co. now owns 32,115 shares of the credit services provider’s stock valued at $17,603,000 after buying an additional 421 shares during the period. Finally, Impact Capital Partners LLC boosted its stake in shares of Mastercard by 1.3% during the 1st quarter. Impact Capital Partners LLC now owns 2,349 shares of the credit services provider’s stock valued at $1,288,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. Evercore ISI began coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday. Citigroup raised 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, Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Stock Performance

Shares of MA stock opened at $590.03 on Friday. The stock has a market cap of $537.94 billion, a P/E ratio of 42.48, 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. The company has a fifty day moving average price of $547.49 and a two-hundred day moving average price of $541.73. Mastercard Incorporated has a one year low of $428.86 and a one year high of $591.16.

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 firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Transactions at Mastercard

In other Mastercard 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 transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $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 ninety days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by company insiders.

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.