Everpar Advisors LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Everpar Advisors LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,047 shares of the credit services provider’s stock, valued at approximately $1,726,000. Mastercard comprises about 0.8% of Everpar Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors also recently added to or reduced their stakes in MA. International Assets Investment Management LLC increased its position in Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC raised its holdings in Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after purchasing an additional 569,534 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after buying an additional 515,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded up $1.92 during trading on Wednesday, hitting $454.98. 2,332,407 shares of the company’s stock were exchanged, compared to its average volume of 2,469,699. The business’s 50-day simple moving average is $468.64 and its 200 day simple moving average is $439.23. The company has a market cap of $424.45 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. 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 announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.80 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Cowen initiated coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Evercore ISI upped their target price on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $496.27.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 872,688 shares of company stock valued at $395,722,487. Corporate insiders own 0.13% of the company’s stock.

Mastercard 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.