Cape Investment Advisory Inc. Sells 117 Shares of Mastercard Incorporated (NYSE:MA)

Cape Investment Advisory Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,105 shares of the credit services provider’s stock after selling 117 shares during the period. Mastercard comprises approximately 0.9% of Cape Investment Advisory Inc.’s investment portfolio, making the stock its 23rd largest holding. Cape Investment Advisory Inc.’s holdings in Mastercard were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Cypress Wealth Services LLC lifted its holdings in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. Syntegra Private Wealth Group LLC lifted its holdings in Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors lifted its holdings in Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares during the period. Indiana Trust & Investment Management CO lifted its holdings in Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. Finally, Tufton Capital Management lifted its holdings in Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after acquiring an additional 26 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on MA. Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. KeyCorp upped their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada upped their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hai Ling sold 2,892 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the sale, the insider now directly owns 21,420 shares of the company’s stock, valued at $9,853,200. The disclosure for this sale can be found here. Insiders sold 1,785,580 shares of company stock valued at $812,239,407 in the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.0 %

Shares of NYSE:MA traded down $0.03 during trading on Friday, hitting $451.18. The company had a trading volume of 2,162,182 shares, compared to its average volume of 2,475,665. The stock has a market cap of $419.42 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a fifty day simple moving average of $464.37 and a two-hundred day simple moving average of $445.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $2.80 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.23 earnings per share for the current year.

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.