Mastercard (MA) Position Reduced by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. decreased its stake in Mastercard (NYSE:MA) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,844 shares of the credit services provider’s stock after selling 444 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Mastercard were worth $8,380,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Mastercard by 3.3% in the fourth quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after purchasing an additional 2,000,290 shares in the last quarter. Jennison Associates LLC boosted its stake in Mastercard by 0.5% in the fourth quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after purchasing an additional 82,024 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mastercard by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock worth $1,651,362,000 after purchasing an additional 396,897 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Mastercard by 9.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock worth $1,560,860,000 after purchasing an additional 750,224 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in Mastercard by 4.9% in the fourth quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock worth $1,269,252,000 after purchasing an additional 388,146 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

In other Mastercard news, CEO Ajay Banga sold 239,020 shares of the business’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total value of $44,450,549.40. Following the completion of the transaction, the chief executive officer now directly owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 17,496 shares of the business’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $185.96, for a total value of $3,253,556.16. Following the completion of the transaction, the insider now directly owns 42,229 shares of the company’s stock, valued at $7,852,904.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 306,209 shares of company stock valued at $56,620,393. Insiders own 0.32% of the company’s stock.

Mastercard opened at $190.40 on Monday, Marketbeat.com reports. Mastercard has a 1 year low of $116.51 and a 1 year high of $194.72. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $198.77 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 30.9% on a year-over-year basis. equities research analysts anticipate that Mastercard will post 6.26 earnings per share for the current year.

A number of equities analysts have commented on the company. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Friday, February 2nd. Cantor Fitzgerald boosted their target price on Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Barclays boosted their target price on Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $185.95.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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