Transcendent Capital Group LLC Purchases New Holdings in Mastercard Incorporated (NYSE:MA)

Transcendent Capital Group LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 429 shares of the credit services provider’s stock, valued at approximately $183,000.

A number of other large investors also recently bought and sold shares of the business. Carolinas Wealth Consulting LLC boosted its holdings in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the period. Cypress Wealth Services LLC raised its stake in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its stake in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in shares of Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after purchasing an additional 24 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its stake in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 108,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the sale, the insider now directly owns 93,226,308 shares in the company, valued at approximately $41,494,097,427.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,551,400 shares of company stock valued at $1,152,586,960. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA traded down $0.37 during trading hours on Friday, reaching $444.63. 2,161,546 shares of the company traded hands, compared to its average volume of 2,074,082. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $413.33 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The stock has a fifty day simple moving average of $454.26 and a 200 day simple moving average of $450.18.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the company earned $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MA. Evercore ISI upped their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Wells Fargo & Company increased their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley cut their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

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.