Mastercard Inc (MA) Holdings Raised by Investec Asset Management LTD
Investec Asset Management LTD raised its holdings in shares of Mastercard Inc (NYSE:MA) by 46.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,567 shares of the credit services provider’s stock after buying an additional 134,663 shares during the quarter. Investec Asset Management LTD’s holdings in Mastercard were worth $83,829,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MA. FMR LLC lifted its holdings in shares of Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after buying an additional 2,229,947 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Mastercard by 19,937.5% in the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after purchasing an additional 1,317,472 shares in the last quarter. BlackRock Inc. raised its stake in shares of Mastercard by 1.9% in the first quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock valued at $11,311,482,000 after purchasing an additional 1,232,199 shares in the last quarter. GQG Partners LLC raised its stake in shares of Mastercard by 270.9% in the first quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock valued at $242,336,000 after purchasing an additional 1,010,530 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mastercard by 17.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,657,010 shares of the credit services provider’s stock valued at $815,722,000 after purchasing an additional 694,700 shares in the last quarter. Institutional investors own 74.42% of the company’s stock.
A number of brokerages recently commented on MA. Raymond James began coverage on Mastercard in a research note on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 target price for the company. Wells Fargo & Co upped their target price on Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a research note on Thursday, July 12th. KeyCorp restated an “overweight” rating and issued a $230.00 target price (up from $200.00) on shares of Mastercard in a research note on Thursday, July 26th. Loop Capital upped their target price on Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Finally, Sandler O’Neill restated a “hold” rating and issued a $209.00 target price on shares of Mastercard in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $206.28.
Shares of MA stock opened at $211.09 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The firm has a market cap of $220.95 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. Mastercard Inc has a 52 week low of $136.06 and a 52 week high of $217.35.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. equities analysts predict that Mastercard Inc will post 6.41 EPS for the current year.
Mastercard Company Profile
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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