CDM Financial Counseling Services Inc. Buys New Stake in Mastercard Incorporated $MA

CDM Financial Counseling Services Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,459 shares of the credit services provider’s stock, valued at approximately $833,000.

Several other institutional investors have also added to or reduced their stakes in MA. State Street Corp boosted its holdings in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Mastercard by 1.2% in the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after buying an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Mastercard by 792.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after buying an additional 768,514 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after buying an additional 629,941 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Mastercard in the fourth quarter worth $289,353,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.2%

MA opened at $493.41 on Monday. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $503.29 and a two-hundred day moving average of $531.31. The stock has a market capitalization of $435.97 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company 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 company earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Loop Capital assumed coverage on Mastercard in a research note on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price objective for the company. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. The Goldman Sachs Group reissued a “buy” rating and set a $739.00 target price on shares of Mastercard in a report on Thursday, January 29th. Finally, Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $656.00.

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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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