PM CAPITAL Ltd Has $24.81 Million Stake in Mastercard (MA)

PM CAPITAL Ltd lifted its holdings in shares of Mastercard (NYSE:MA) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,630 shares of the credit services provider’s stock after buying an additional 288 shares during the quarter. Mastercard comprises approximately 4.5% of PM CAPITAL Ltd’s investment portfolio, making the stock its 13th biggest holding. PM CAPITAL Ltd’s holdings in Mastercard were worth $24,807,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Mastercard by 3.3% during the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after acquiring an additional 2,000,290 shares during the last quarter. Jennison Associates LLC boosted its stake in Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after acquiring an additional 82,024 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $1,651,362,000 after acquiring an additional 396,897 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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 worth $1,560,860,000 after acquiring an additional 750,224 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in 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 worth $1,269,252,000 after acquiring an additional 388,146 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

Shares of Mastercard opened at $190.40 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64. Mastercard has a twelve month low of $116.51 and a twelve month high of $194.72. The company has a market capitalization of $198.77 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 1.60 and a beta of 1.17.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. analysts anticipate that Mastercard will post 6.26 earnings per share for the current year.

In other news, General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the sale, the general counsel now directly owns 59,907 shares in the company, valued at $10,809,619.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ajay Banga sold 239,020 shares of Mastercard stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the completion of the sale, the chief executive officer now owns 355,411 shares in the company, valued at $66,095,783.67. The disclosure for this sale can be found here. Insiders sold 306,209 shares of company stock worth $56,620,393 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on MA shares. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a research note on Thursday, April 12th. Morgan Stanley lifted their price objective on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Sanford C. Bernstein started coverage on shares of Mastercard in a research note on Tuesday, March 27th. They set an “outperform” rating and a $207.00 price objective on the stock. Piper Jaffray lifted their price objective on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective on the stock in a research note on Thursday, March 1st. Three 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 a consensus rating of “Buy” and a consensus target price of $185.95.

About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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