Vanguard Personalized Indexing Management LLC Grows Stake in Mastercard Incorporated (NYSE:MA)

Vanguard Personalized Indexing Management LLC boosted its position in Mastercard Incorporated (NYSE:MAFree Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,596 shares of the credit services provider’s stock after purchasing an additional 941 shares during the period. Mastercard comprises 0.8% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 15th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Mastercard were worth $29,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Activest Wealth Management raised its stake in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares during the period. Cross Staff Investments Inc lifted its stake in shares of Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its stake in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. Raymond James boosted their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho dropped their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays decreased their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Read Our Latest Stock Analysis on MA

Mastercard Stock Up 0.8 %

Shares of MA stock traded up $3.80 during mid-day trading on Wednesday, hitting $458.00. 2,420,732 shares of the stock traded hands, compared to its average volume of 2,457,732. The stock’s fifty day moving average is $466.91 and its two-hundred day moving average is $442.00. 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 Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a market cap of $425.76 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.79 and a beta of 1.08.

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

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold 1,306,688 shares of company stock valued at $593,390,927 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Mastercard 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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