Regentatlantic Capital LLC Acquires 86 Shares of Mastercard Inc (NYSE:MA)

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Regentatlantic Capital LLC increased its holdings in shares of Mastercard Inc (NYSE:MA) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,984 shares of the credit services provider’s stock after buying an additional 86 shares during the period. Regentatlantic Capital LLC’s holdings in Mastercard were worth $2,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Oregon Public Employees Retirement Fund boosted its holdings in shares of Mastercard by 14,925.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after buying an additional 71,077,219 shares in the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 1.8% in the 4th quarter. FMR LLC now owns 39,720,669 shares of the credit services provider’s stock valued at $7,493,304,000 after buying an additional 715,691 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after buying an additional 416,095 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Mastercard by 2.9% in the 4th quarter. Northern Trust Corp now owns 11,169,370 shares of the credit services provider’s stock valued at $2,107,101,000 after buying an additional 312,465 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Mastercard by 1.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,069,952 shares of the credit services provider’s stock valued at $1,711,047,000 after buying an additional 163,018 shares in the last quarter. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MA traded down $0.01 during trading hours on Wednesday, reaching $263.65. 343,066 shares of the company’s stock were exchanged, compared to its average volume of 3,588,220. The stock has a market cap of $271.39 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $269.85.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. Mastercard’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. Sell-side analysts expect that Mastercard Inc will post 7.6 EPS for the current fiscal year.

Several brokerages have recently issued reports on MA. Wells Fargo & Co upped their target price on shares of Mastercard from $238.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. KeyCorp upped their target price on shares of Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Nomura upped their target price on shares of Mastercard to $252.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, Oppenheimer increased their price target on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $247.58.

In other news, CEO Ajay Banga sold 252,600 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the transaction, the chief executive officer now owns 427,638 shares in the company, valued at approximately $107,302,926.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,711 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $245.00, for a total transaction of $664,195.00. Following the completion of the transaction, the insider now owns 20,492 shares of the company’s stock, valued at approximately $5,020,540. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 381,530 shares of company stock valued at $93,705,711. 0.32% of the stock is owned by insiders.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: The limitations of an equal weight rating

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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