Visionary Wealth Advisors Sells 842 Shares of Mastercard Incorporated (NYSE:MA)

Visionary Wealth Advisors trimmed its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,469 shares of the credit services provider’s stock after selling 842 shares during the period. Visionary Wealth Advisors’ holdings in Mastercard were worth $1,906,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Activest Wealth Management raised its position in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc raised its position in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the last quarter. Everett Harris & Co. CA raised its position in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hai Ling sold 2,892 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,326,936 shares of company stock worth $1,052,358,872. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Mizuho cut their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Piper Sandler began coverage on Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Two equities 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $497.78.

View Our Latest Analysis on MA

Mastercard Price Performance

Shares of MA stock opened at $446.39 on Tuesday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The business’s 50 day moving average price is $456.69 and its 200-day moving average price is $449.75. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $414.97 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) 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. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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