Tredje AP fonden trimmed its position in Mastercard Incorporated (NYSE:MA – Free Report) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,210 shares of the credit services provider’s stock after selling 54,531 shares during the period. Mastercard makes up approximately 1.6% of Tredje AP fonden’s portfolio, making the stock its 11th biggest position. Tredje AP fonden’s holdings in Mastercard were worth $214,200,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. increased its position in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares in the last quarter. Tacita Capital Inc increased its position in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its position in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. bought a new stake in Mastercard in the 4th quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on MA shares. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research report on Wednesday, January 28th. Bank of America started coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. Daiwa Securities Group set a $610.00 target price on Mastercard and gave the company an “outperform” rating in a research report on Monday, February 2nd. Tigress Financial lifted their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $656.00.
Mastercard Stock Performance
Shares of Mastercard stock opened at $505.39 on Tuesday. The company has a market cap of $446.55 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The business has a 50 day moving average price of $502.92 and a 200-day moving average price of $530.89. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.
Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.
About Mastercard
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.
Further Reading
- Five stocks we like better than Mastercard
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.
