Breed s Hill Capital LLC Invests $242,000 in Mastercard Incorporated (NYSE:MA)

Breed s Hill Capital LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 567 shares of the credit services provider’s stock, valued at approximately $242,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after buying an additional 791,799 shares during the last quarter. Lone Pine Capital LLC increased its position in shares of Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after acquiring an additional 569,534 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after acquiring an additional 515,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Mastercard by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 1,023,688 shares of company stock valued at $464,057,537 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Susquehanna reiterated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Barclays dropped their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.76 on Thursday, reaching $455.53. The stock had a trading volume of 1,970,118 shares, compared to its average volume of 2,464,441. The business’s 50 day moving average is $468.16 and its two-hundred day moving average is $439.34. The company has a market cap of $424.96 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.