43,268 Shares in Mastercard Incorporated $MA Acquired by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension purchased a new position in Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, Holdings Channel reports. The fund purchased 43,268 shares of the credit services provider’s stock, valued at approximately $24,701,000. Mastercard comprises about 0.6% of Arbejdsmarkedets Tillaegspension’s holdings, making the stock its 14th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in MA. Brighton Jones LLC lifted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares during the last quarter. Betterment LLC lifted its stake in Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Mastercard during the second quarter worth approximately $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $489.91 on Friday. 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 stock has a market capitalization of $432.87 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.53 and a beta of 0.76. The company’s fifty day moving average is $503.90 and its two-hundred day moving average is $531.86. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.73 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 19.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MA. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective on the stock. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average 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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