Bristol Gate Capital Partners Inc. Sells 7,201 Shares of Mastercard Incorporated (NYSE:MA)

Bristol Gate Capital Partners Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,502 shares of the credit services provider’s stock after selling 7,201 shares during the quarter. Mastercard accounts for approximately 4.6% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 12th biggest position. Bristol Gate Capital Partners Inc.’s holdings in Mastercard were worth $91,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new stake in Mastercard in the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC acquired a new position in Mastercard in the fourth quarter worth about $33,000. Barometer Capital Management Inc. bought a new position in Mastercard during the third quarter worth about $36,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MA. Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Piper Sandler assumed coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. 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 report on Wednesday, March 6th. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Mizuho dropped their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Two equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $497.78.

Get Our Latest Analysis on Mastercard

Mastercard Stock Up 1.1 %

MA traded up $4.97 during trading hours on Friday, hitting $447.07. 3,917,303 shares of the company’s stock were exchanged, compared to its average volume of 2,139,200. The stock has a market cap of $415.60 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The stock’s 50-day moving average is $460.49 and its two-hundred day moving average is $447.63. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly 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. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other Mastercard news, 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 transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard 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. Insiders have sold 1,977,908 shares of company stock worth $896,753,428 over the last 90 days. Company insiders own 0.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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