Edmond DE Rothschild Holding S.A. Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

Edmond DE Rothschild Holding S.A. decreased its position in Mastercard Incorporated (NYSE:MAFree Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,990 shares of the credit services provider’s stock after selling 2,071 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mastercard were worth $5,967,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Cypress Wealth Services LLC increased its holdings in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC increased its holdings in shares of Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after buying an additional 24 shares during the last quarter. TRUE Private Wealth Advisors increased its holdings in shares of Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after buying an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO increased its holdings in shares of Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after buying an additional 25 shares during the last quarter. Finally, Tufton Capital Management increased its holdings in shares of Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded down $8.34 during mid-day trading on Tuesday, reaching $442.84. 1,123,876 shares of the company traded hands, compared to its average volume of 2,411,816. The company has a market capitalization of $411.67 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm’s fifty day moving average is $463.81 and its two-hundred day moving average is $446.63. 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 (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,785,580 shares of company stock worth $812,239,407. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on MA shares. BMO Capital Markets upped their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Get Our Latest Stock 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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