Level Four Advisory Services LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Level Four Advisory Services LLC increased its stake in Mastercard Incorporated (NYSE:MAGet Rating) by 32.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,830 shares of the credit services provider’s stock after acquiring an additional 4,338 shares during the period. Level Four Advisory Services LLC’s holdings in Mastercard were worth $6,407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Cranbrook Wealth Management LLC lifted its stake in shares of Mastercard by 217.4% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Mastercard during the 4th quarter valued at approximately $37,000. Industrial Alliance Investment Management Inc. bought a new position in Mastercard during the 4th quarter valued at approximately $42,000. Tortoise Investment Management LLC raised its position in Mastercard by 71.4% during the 4th quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 55 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in Mastercard during the 4th quarter valued at approximately $54,000. 74.94% of the stock is owned by institutional investors.

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. The Goldman Sachs Group began coverage on Mastercard in a research report on Tuesday. They issued a “buy” rating and a $460.00 target price for the company. Citigroup decreased their target price on Mastercard from $445.00 to $435.00 in a research report on Monday, April 25th. StockNews.com began coverage on Mastercard in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James decreased their target price on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a research report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $422.94.

Shares of MA stock traded down $3.68 on Thursday, reaching $332.22. The stock had a trading volume of 4,375,046 shares, compared to its average volume of 4,446,280. The stock has a market cap of $323.13 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. Mastercard Incorporated has a 1 year low of $305.61 and a 1 year high of $399.92. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50 day simple moving average of $350.03 and a 200 day simple moving average of $352.77.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 10.49 earnings per share for the current fiscal year.

In related news, major shareholder Foundation Mastercard sold 106,326 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the transaction, the insider now directly owns 103,841,972 shares of the company’s stock, valued at approximately $34,033,167,903.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Raj Seshadri sold 7,000 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $367.68, for a total value of $2,573,760.00. Following the sale, the insider now directly owns 10,439 shares in the company, valued at $3,838,211.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,543 shares of company stock worth $108,482,025. 0.33% of the stock is owned by insiders.

About Mastercard (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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