True North Advisors LLC Makes New $4.62 Million Investment in Mastercard Incorporated (NYSE:MA)

True North Advisors LLC purchased a new position in Mastercard Incorporated (NYSE:MAGet Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,852 shares of the credit services provider’s stock, valued at approximately $4,618,000. Mastercard makes up 0.8% of True North Advisors LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds have also modified their holdings of MA. Cranbrook Wealth Management LLC increased its stake in Mastercard by 217.4% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $37,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Mastercard during the fourth quarter valued at about $42,000. Tortoise Investment Management LLC grew its position in shares of Mastercard by 71.4% during the fourth quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 55 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 74.94% of the company’s stock.

A number of brokerages have recently weighed in on MA. JPMorgan Chase & Co. raised their price objective on Mastercard from $400.00 to $430.00 in a research report on Friday, April 29th. StockNews.com initiated coverage on Mastercard in a research report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James dropped their price target on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a research report on Friday, January 28th. Morgan Stanley dropped their price target on Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research report on Thursday, April 21st. Finally, Citigroup dropped their price target on Mastercard from $445.00 to $435.00 in a research report on Monday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $422.94.

Shares of Mastercard stock traded up $3.96 on Friday, hitting $336.18. 3,428,726 shares of the company traded hands, compared to its average volume of 3,999,413. The stock’s 50 day moving average price is $350.18 and its 200-day moving average price is $352.82. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $305.61 and a 52 week high of $399.92. The company has a market cap of $326.99 billion, a PE ratio of 34.98, a PEG ratio of 1.57 and a beta of 1.01.

Mastercard (NYSE:MAGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. Mastercard’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. As a group, research analysts anticipate that Mastercard Incorporated will post 10.49 EPS for the current fiscal year.

In other Mastercard news, insider Raj Seshadri sold 7,000 shares of Mastercard stock in a transaction on Friday, April 29th. The shares were sold at an average price of $367.68, for a total value of $2,573,760.00. Following the transaction, the insider now directly owns 10,439 shares of the company’s stock, valued at $3,838,211.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. Insiders sold 327,543 shares of company stock valued at $108,482,025 in the last three months. 0.33% of the stock is currently owned by insiders.

Mastercard Profile (Get Rating)

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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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