Darwin Wealth Management LLC Has $290,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Darwin Wealth Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 680 shares of the credit services provider’s stock after selling 56 shares during the period. Darwin Wealth Management LLC’s holdings in Mastercard were worth $290,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Breed s Hill Capital LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $242,000. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. Wealthspire Advisors LLC grew its stake in shares of Mastercard by 8.9% during the 4th quarter. Wealthspire Advisors LLC now owns 14,243 shares of the credit services provider’s stock worth $6,075,000 after acquiring an additional 1,163 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Mastercard by 1.5% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,661 shares of the credit services provider’s stock worth $1,135,000 after acquiring an additional 40 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew its stake in shares of Mastercard by 5.2% during the 4th quarter. E Fund Management Co. Ltd. now owns 1,501 shares of the credit services provider’s stock worth $640,000 after acquiring an additional 74 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MA shares. Raymond James raised their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. KeyCorp raised their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Robert W. Baird raised their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 142,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,023,688 shares of company stock valued at $464,057,537. 0.13% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded up $0.76 during trading on Thursday, reaching $455.53. The company’s stock had a trading volume of 1,970,118 shares, compared to its average volume of 2,464,441. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The business’s 50-day moving average price is $468.16 and its 200-day moving average price is $439.34. 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 firm has a market cap of $424.96 billion, a PE ratio of 36.21, a P/E/G ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.80 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.22 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.