Keystone Investors PTE Ltd. Acquires 3,301 Shares of Mastercard Incorporated (NYSE:MA)

Keystone Investors PTE Ltd. grew its position in Mastercard Incorporated (NYSE:MAFree Report) by 114.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,191 shares of the credit services provider’s stock after acquiring an additional 3,301 shares during the period. Mastercard comprises about 0.2% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 25th largest holding. Keystone Investors PTE Ltd.’s holdings in Mastercard were worth $2,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Mastercard during the 4th quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard during the 4th quarter worth about $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter worth about $33,000. Barometer Capital Management Inc. acquired a new stake in Mastercard in the 3rd quarter worth about $36,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its stake in Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.5 %

MA traded up $2.44 during trading on Wednesday, reaching $456.64. 964,709 shares of the company’s stock were exchanged, compared to its average volume of 2,441,546. Mastercard Incorporated has a one year low of $357.85 and a one 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. The stock has a market capitalization of $424.50 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The firm has a fifty day moving average price of $466.91 and a two-hundred day moving average price of $442.00.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the firm posted $2.80 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.24 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,306,688 shares of company stock valued at $593,390,927. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Barclays dropped their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $497.78.

View Our Latest Stock Report on Mastercard

Mastercard Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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.