Baldwin Investment Management LLC Buys 195 Shares of Mastercard Incorporated (NYSE:MA)

Baldwin Investment Management LLC lifted its position in Mastercard Incorporated (NYSE:MAFree Report) by 12.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,773 shares of the credit services provider’s stock after acquiring an additional 195 shares during the quarter. Baldwin Investment Management LLC’s holdings in Mastercard were worth $756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Mastercard in the 4th quarter valued at $4,595,559,000. International Assets Investment Management LLC grew its holdings in Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Capital International Investors raised its stake in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares during the period. Capital Research Global Investors boosted its position in Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares during the period. Finally, Lone Pine Capital LLC increased its stake in shares of Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after purchasing an additional 569,534 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 115,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $445.11, for a total transaction of $51,187,650.00. Following the transaction, the insider now directly owns 93,788,308 shares of the company’s stock, valued at approximately $41,746,113,773.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 115,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $445.11, for a total transaction of $51,187,650.00. Following the sale, the insider now directly owns 93,788,308 shares of the company’s stock, valued at approximately $41,746,113,773.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hai Ling sold 2,892 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The disclosure for this sale can be found here. Insiders sold 2,211,936 shares of company stock valued at $1,000,536,422 in the last 90 days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several analyst reports. TD Cowen assumed coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley reduced their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Check Out Our Latest Analysis on Mastercard

Mastercard Price Performance

Shares of Mastercard stock opened at $449.87 on Friday. 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 one year low of $359.77 and a one year high of $490.00. The business’s 50 day simple moving average is $457.28 and its two-hundred day simple moving average is $448.92. The stock has a market capitalization of $418.20 billion, a P/E ratio of 35.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 EPS. Analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

About Mastercard

(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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.