Pendal Group Ltd raised its position in shares of Mastercard (NYSE:MA) by 64.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 22,082 shares of the credit services provider’s stock after acquiring an additional 8,661 shares during the period. Pendal Group Ltd’s holdings in Mastercard were worth $3,868,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in MA. BlackRock Inc. grew its holdings in shares of Mastercard by 3.3% during the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock valued at $9,588,019,000 after acquiring an additional 2,000,290 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after acquiring an additional 82,024 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock valued at $1,651,362,000 after acquiring an additional 396,897 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mastercard by 9.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock valued at $1,560,860,000 after acquiring an additional 750,224 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in shares of Mastercard by 4.9% during the 4th quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock valued at $1,269,252,000 after acquiring an additional 388,146 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors.
MA has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a report on Thursday, April 5th. Robert W. Baird restated an “outperform” rating and set a $182.00 price target (up from $170.00) on shares of Mastercard in a report on Friday, January 19th. Vetr upgraded shares of Mastercard from a “sell” rating to a “buy” rating and set a $182.50 price target on the stock in a report on Thursday, February 15th. Sanford C. Bernstein initiated coverage on shares of Mastercard in a report on Tuesday, March 27th. They set an “outperform” rating and a $207.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $185.95.
MA stock opened at $190.40 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64. Mastercard has a 52-week low of $116.51 and a 52-week high of $194.72. The stock has a market cap of $199.61 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 1.61 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The business’s quarterly revenue was up 30.9% compared to the same quarter last year. equities analysts anticipate that Mastercard will post 6.26 EPS for the current fiscal year.
In other Mastercard news, insider Craig Vosburg sold 17,496 shares of the company’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $185.96, for a total transaction of $3,253,556.16. Following the completion of the sale, the insider now directly owns 42,229 shares in the company, valued at $7,852,904.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the sale, the general counsel now owns 59,907 shares of the company’s stock, valued at $10,809,619.08. The disclosure for this sale can be found here. Insiders have sold 306,209 shares of company stock valued at $56,620,393 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.
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 related products and services.
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