819 Shares in Mastercard Incorporated (NYSE:MA) Purchased by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC acquired a new position in Mastercard Incorporated (NYSE:MA) in the 1st quarter, HoldingsChannel reports. The fund acquired 819 shares of the credit services provider’s stock, valued at approximately $449,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC increased its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC raised its stake in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its stake in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $590.78 on Thursday. The firm has a market capitalization of $538.62 billion, a P/E ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a 50 day moving average price of $551.43 and a 200 day moving average price of $543.22.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business 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 business’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MA shares. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Citigroup boosted 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, 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. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

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.