Barings LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 43.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,933 shares of the credit services provider’s stock after acquiring an additional 36,353 shares during the quarter. Barings LLC’s holdings in Mastercard were worth $13,489,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Mastercard by 24.6% during the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after purchasing an additional 722,600 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of Mastercard by 1,000.9% during the first quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock valued at $88,149,000 after purchasing an additional 712,562 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Mastercard by 24.8% during the first quarter. OppenheimerFunds Inc. now owns 3,584,158 shares of the credit services provider’s stock valued at $403,111,000 after purchasing an additional 711,542 shares in the last quarter. Finally, Akre Capital Management LLC lifted its holdings in shares of Mastercard by 13.4% during the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after purchasing an additional 627,792 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the company. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Monday. Citigroup Inc. upped their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 19th. Vetr downgraded Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target on the stock. in a report on Monday, May 22nd. Finally, BMO Capital Markets upped their price target on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $137.38.
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Mastercard Incorporated (NYSE MA) traded up 2.83% during mid-day trading on Monday, hitting $141.10. The company had a trading volume of 2,520,249 shares. The firm has a market capitalization of $150.26 billion, a P/E ratio of 35.01 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $97.49 and a 12 month high of $141.34. The company has a 50-day moving average price of $131.47 and a 200 day moving average price of $121.07.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. Equities analysts forecast that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
In other news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock valued at $109,574,694 over the last 90 days. Company insiders own 0.30% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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