Mastercard Incorporated (NYSE:MA) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,608 shares of the credit services provider’s stock after selling 1,242 shares during the period. IPG Investment Advisors LLC’s holdings in Mastercard were worth $1,539,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at approximately $4,595,559,000. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the period. Lone Pine Capital LLC lifted its position in shares of Mastercard by 48.4% in the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after acquiring an additional 569,534 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after buying an additional 428,627 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Mastercard in the third quarter worth approximately $158,528,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MA shares. KeyCorp upped their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Evercore ISI raised their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, TD Cowen assumed 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 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 stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Read Our Latest Stock Report on MA

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on 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 owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The disclosure for this sale can be found here. Insiders have sold 1,785,580 shares of company stock valued at $812,239,407 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE:MA traded down $0.03 during trading on Monday, reaching $451.18. 2,162,100 shares of the company traded hands, compared to its average volume of 2,425,240. The firm has a market capitalization of $419.42 billion, a PE ratio of 35.86, a PEG ratio of 1.76 and a beta of 1.08. 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 company’s 50 day moving average is $464.37 and its two-hundred day moving average is $446.18.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $2.80 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.23 earnings per share for the current year.

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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