Triglav Skladi D.O.O. Buys Shares of 39,719 Mastercard Incorporated (NYSE:MA)

Triglav Skladi D.O.O. bought a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,719 shares of the credit services provider’s stock, valued at approximately $20,920,000. Mastercard makes up approximately 1.6% of Triglav Skladi D.O.O.’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors also recently made changes to their positions in the business. Two Sigma Advisers LP raised its position in shares of Mastercard by 21.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,078,000 shares of the credit services provider’s stock valued at $567,642,000 after purchasing an additional 190,000 shares in the last quarter. Texas Bank & Trust Co acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $4,265,000. Teza Capital Management LLC increased its holdings in shares of Mastercard by 436.5% in the 4th quarter. Teza Capital Management LLC now owns 4,163 shares of the credit services provider’s stock valued at $2,192,000 after acquiring an additional 3,387 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Mastercard by 11.4% in the 4th quarter. Tidal Investments LLC now owns 74,959 shares of the credit services provider’s stock valued at $39,471,000 after acquiring an additional 7,674 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Mastercard by 557.3% in the 4th quarter. State of Wyoming now owns 5,896 shares of the credit services provider’s stock valued at $3,105,000 after acquiring an additional 4,999 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Susquehanna boosted their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Wells Fargo & Company boosted their price target on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Trading Up 0.1%

NYSE:MA opened at $582.97 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $531.49 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. The business has a fifty day moving average of $535.67 and a 200-day moving average of $535.89. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $584.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 earnings per share. Equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current 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.