Mastercard Incorporated $MA Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its position in Mastercard Incorporated (NYSE:MAFree Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 584,667 shares of the credit services provider’s stock after selling 14,445 shares during the quarter. Mastercard comprises about 0.7% of Korea Investment CORP’s holdings, making the stock its 20th largest position. Korea Investment CORP’s holdings in Mastercard were worth $333,775,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Tacita Capital Inc raised its stake in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Finally, Birchbrook Inc. acquired a new position in Mastercard in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.6%

Shares of NYSE:MA opened at $489.36 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The stock has a market capitalization of $432.39 billion, a P/E ratio of 28.32, a PEG ratio of 1.52 and a beta of 0.74. The stock has a 50-day simple moving average of $499.31 and a 200-day simple moving average of $523.57.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Susquehanna cut their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Finally, Citigroup lowered their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $656.04.

Read Our Latest Stock Report on MA

Key Mastercard News

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Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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