Mastercard Incorporated (NYSE:MA) Shares Purchased by Baldwin Investment Management LLC

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

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. WealthPlan Investment Management LLC lifted its position in shares of Mastercard by 58.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 10,908 shares of the credit services provider’s stock valued at $4,319,000 after acquiring an additional 4,008 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Mastercard by 17.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 25,181 shares of the credit services provider’s stock worth $9,969,000 after purchasing an additional 3,736 shares in the last quarter. Van ECK Associates Corp raised its holdings in Mastercard by 2.6% during the 3rd quarter. Van ECK Associates Corp now owns 144,370 shares of the credit services provider’s stock worth $57,158,000 after buying an additional 3,687 shares during the period. AlphaStar Capital Management LLC lifted its stake in Mastercard by 6.9% during the third quarter. AlphaStar Capital Management LLC now owns 1,179 shares of the credit services provider’s stock valued at $467,000 after buying an additional 76 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Mastercard by 52.3% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,091 shares of the credit services provider’s stock worth $1,224,000 after buying an additional 1,061 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley decreased their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Mizuho dropped their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Piper Sandler started coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Finally, TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 target price 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Check Out Our Latest Report on Mastercard

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the sale, the insider now directly owns 3,463 shares in the company, valued at approximately $1,572,202. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Insiders sold 2,211,936 shares of company stock worth $1,000,536,422 in the last quarter. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $449.87 on Friday. The firm has a market cap of $418.20 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The company’s 50-day moving average price is $457.28 and its two-hundred day moving average price is $448.92. 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 Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company 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 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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