GQG Partners LLC increased its position in shares of Mastercard Inc (NYSE:MA) by 270.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,383,512 shares of the credit services provider’s stock after purchasing an additional 1,010,530 shares during the period. Mastercard makes up 6.3% of GQG Partners LLC’s portfolio, making the stock its 3rd largest holding. GQG Partners LLC owned about 0.13% of Mastercard worth $242,336,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its holdings in shares of Mastercard by 10.3% in the 1st quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock valued at $510,000 after purchasing an additional 272 shares in the last quarter. Sather Financial Group Inc raised its holdings in shares of Mastercard by 0.4% in the 1st quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock valued at $10,718,000 after purchasing an additional 272 shares in the last quarter. Bank of The Ozarks raised its holdings in shares of Mastercard by 2.3% in the 1st quarter. Bank of The Ozarks now owns 12,809 shares of the credit services provider’s stock valued at $2,244,000 after purchasing an additional 285 shares in the last quarter. Pinnacle Financial Partners Inc. raised its holdings in shares of Mastercard by 4.6% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 6,559 shares of the credit services provider’s stock valued at $1,149,000 after purchasing an additional 287 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of Mastercard by 17.7% in the 4th quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock valued at $298,000 after purchasing an additional 297 shares in the last quarter. 74.64% of the stock is owned by hedge funds and other institutional investors.
Shares of MA stock traded up $0.17 during trading hours on Friday, hitting $200.95. The company’s stock had a trading volume of 68,117 shares, compared to its average volume of 3,066,173. The company has a market capitalization of $210.40 billion, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.18. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64. Mastercard Inc has a 12-month low of $120.65 and a 12-month high of $204.00.
Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.25 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. sell-side analysts forecast that Mastercard Inc will post 6.32 earnings per share for the current year.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total value of $866,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ajay Banga sold 239,020 shares of the business’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the completion of the transaction, the chief executive officer now owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The disclosure for this sale can be found here. Insiders sold a total of 269,631 shares of company stock worth $50,004,432 over the last ninety days. Insiders own 0.32% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating and set a $227.00 price target for the company in a report on Wednesday, June 6th. Wells Fargo & Co restated a “buy” rating on shares of Mastercard in a report on Wednesday, May 30th. UBS Group assumed coverage on shares of Mastercard in a report on Thursday, May 17th. They issued a “neutral” rating and a $205.00 price target for the company. KeyCorp boosted their price target on shares of Mastercard from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 4th. Finally, Bank of America lifted their price objective on shares of Mastercard from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $186.91.
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.
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.