Seven Mile Advisory Has $1.41 Million Stake in Mastercard Incorporated $MA

Seven Mile Advisory decreased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,469 shares of the credit services provider’s stock after selling 1,123 shares during the period. Seven Mile Advisory’s holdings in Mastercard were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. South Plains Financial Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $91,000. Sargent Investment Group LLC increased its holdings in shares of Mastercard by 2.0% during the fourth quarter. Sargent Investment Group LLC now owns 15,535 shares of the credit services provider’s stock worth $8,869,000 after buying an additional 312 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Mastercard by 3.8% during the fourth quarter. MML Investors Services LLC now owns 173,831 shares of the credit services provider’s stock worth $99,237,000 after buying an additional 6,353 shares in the last quarter. Mariner LLC increased its holdings in shares of Mastercard by 7.4% during the fourth quarter. Mariner LLC now owns 648,675 shares of the credit services provider’s stock worth $370,376,000 after buying an additional 44,829 shares in the last quarter. Finally, MayTech Global Investments LLC increased its holdings in shares of Mastercard by 1.4% during the fourth quarter. MayTech Global Investments LLC now owns 81,750 shares of the credit services provider’s stock worth $46,673,000 after buying an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Tigress Financial raised their price target on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. UBS Group lowered their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Royal Bank Of Canada lowered their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $656.04.

Read Our Latest Research Report on MA

Mastercard Stock Performance

Shares of Mastercard stock opened at $489.36 on Monday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $432.39 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.53 and a beta of 0.74. The firm has a 50 day simple moving average of $499.31 and a 200 day simple moving average of $523.49. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week 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 analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the firm earned $3.73 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

About Mastercard

(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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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