Catawba Capital Management VA reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,429 shares of the credit services provider’s stock after selling 391 shares during the quarter. Mastercard comprises approximately 1.3% of Catawba Capital Management VA’s portfolio, making the stock its 21st largest holding. Catawba Capital Management VA’s holdings in Mastercard were worth $5,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. increased its stake in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after purchasing an additional 160 shares during the period. Adviser Investments LLC acquired a new position in Mastercard in the first quarter valued at $727,000. Linscomb & Williams Inc. increased its stake in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after purchasing an additional 603 shares during the period. Norinchukin Bank The increased its stake in Mastercard by 3.2% in the first quarter. Norinchukin Bank The now owns 109,481 shares of the credit services provider’s stock valued at $12,313,000 after purchasing an additional 3,420 shares during the period. Finally, Birch Hill Investment Advisors LLC increased its stake in Mastercard by 4.2% in the first quarter. Birch Hill Investment Advisors LLC now owns 86,245 shares of the credit services provider’s stock valued at $9,700,000 after purchasing an additional 3,495 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Mastercard Incorporated (MA) traded up 0.44% during mid-day trading on Thursday, reaching $140.72. 1,524,457 shares of the company were exchanged. Mastercard Incorporated has a 12 month low of $98.38 and a 12 month high of $143.52. The company’s 50 day moving average price is $132.14 and its 200-day moving average price is $121.52. The stock has a market capitalization of $149.85 billion, a P/E ratio of 34.92 and a beta of 1.18.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, equities analysts expect that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.

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In related news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock valued at $109,574,694 in the last quarter. 0.30% of the stock is currently owned by insiders.

A number of research analysts have commented on MA shares. Deutsche Bank AG restated a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a research note on Thursday, May 25th. BidaskClub lowered shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. lifted their price objective on shares of Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Credit Suisse Group restated a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $137.38.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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