Keystone Investors PTE Ltd. Buys 3,301 Shares of Mastercard Incorporated (NYSE:MA)

Keystone Investors PTE Ltd. raised its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 114.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,191 shares of the credit services provider’s stock after acquiring an additional 3,301 shares during the period. Mastercard comprises approximately 0.2% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 25th largest holding. Keystone Investors PTE Ltd.’s holdings in Mastercard were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MA. Northern Trust Corp grew its holdings in Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC grew its holdings in Mastercard by 6.9% during the 3rd 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 in the last quarter. Ameriprise Financial Inc. grew its holdings in Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after buying an additional 306,663 shares in the last quarter. Royal Bank of Canada grew its holdings in Mastercard by 1.1% during the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after buying an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Mastercard by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock valued at $1,989,875,000 after buying an additional 107,953 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.5 %

MA traded up $2.44 during trading hours on Wednesday, reaching $456.64. 964,709 shares of the company’s stock traded hands, compared to its average volume of 2,441,546. The firm has a 50-day moving average price of $466.91 and a 200 day moving average price of $442.00. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $424.50 billion, a PE ratio of 36.29, a PEG ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.24 EPS for the current fiscal year.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the 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 transaction, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,306,688 shares of company stock valued at $593,390,927. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. BMO Capital Markets upped their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Raymond James raised their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Check Out Our Latest Analysis on Mastercard

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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