Capital International Investors Acquires 676,452 Shares of Mastercard Incorporated (NYSE:MA)

Capital International Investors grew its holdings in Mastercard Incorporated (NYSE:MA) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,041,685 shares of the credit services provider’s stock after purchasing an additional 676,452 shares during the quarter. Mastercard makes up approximately 2.0% of Capital International Investors’ portfolio, making the stock its 6th largest holding. Capital International Investors owned 2.24% of Mastercard worth $8,974,478,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MA. Carolinas Wealth Consulting LLC boosted its holdings in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the period. Cypress Wealth Services LLC boosted its holdings in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the period. Syntegra Private Wealth Group LLC boosted its holdings in Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after purchasing an additional 24 shares during the period. TRUE Private Wealth Advisors boosted its holdings in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its holdings in Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the transaction, the insider now directly owns 21,420 shares in the company, valued at approximately $9,853,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,087,908 shares of company stock valued at $945,310,728. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Morgan Stanley reduced their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Barclays reduced their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Evercore ISI raised their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Mastercard Price Performance

MA traded up $1.81 during midday trading on Wednesday, hitting $446.58. The company had a trading volume of 1,000,666 shares, compared to its average volume of 2,414,632. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $415.15 billion, a PE ratio of 35.51, a P/E/G ratio of 1.73 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The firm’s 50-day simple moving average is $459.19 and its 200-day simple moving average is $448.62.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for 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 company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 EPS. Equities research analysts predict that Mastercard Incorporated will post 14.23 EPS for the current fiscal 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. 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.