Sustainable Insight Capital Management LLC acquired a new position in Mastercard Inc (NYSE:MA) in the second quarter, HoldingsChannel reports. The fund acquired 1,259 shares of the credit services provider’s stock, valued at approximately $247,000.

Several other institutional investors have also recently modified their holdings of MA. BlackRock Inc. raised its position in shares of Mastercard by 0.7% during the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after purchasing an additional 452,200 shares during the last quarter. FMR LLC raised its position in shares of Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares during the last quarter. Jennison Associates LLC raised its position in shares of Mastercard by 4.7% during the 2nd quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after purchasing an additional 646,937 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Mastercard by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock worth $1,894,372,000 after purchasing an additional 335,213 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Mastercard by 0.3% during the 1st quarter. Franklin Resources Inc. now owns 6,071,403 shares of the credit services provider’s stock worth $1,063,480,000 after purchasing an additional 17,390 shares during the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.

Mastercard stock opened at $217.22 on Friday. Mastercard Inc has a 1-year low of $137.75 and a 1-year high of $218.69. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $222.26 billion, a PE ratio of 37.95, a PEG ratio of 1.76 and a beta of 1.19.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.13. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. 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 company posted $1.10 EPS. equities analysts forecast that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

Several brokerages recently issued reports on MA. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Oppenheimer upped their price objective on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. Morgan Stanley upped their price objective on shares of Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. KeyCorp reaffirmed an “overweight” rating and set a $230.00 price objective (up previously from $200.00) on shares of Mastercard in a research note on Thursday, July 26th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $209.00 price objective on shares of Mastercard in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $208.56.

In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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