Mastercard Incorporated (NYSE:MA) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd reduced its stake in Mastercard Incorporated (NYSE:MAFree Report) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 687,785 shares of the credit services provider’s stock after selling 11,420 shares during the quarter. Mastercard accounts for 1.7% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 20th biggest position. JARISLOWSKY FRASER Ltd’s holdings in Mastercard were worth $293,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth approximately $4,595,559,000. Northern Trust Corp boosted its position in shares of Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after buying an additional 306,663 shares during the period. Royal Bank of Canada boosted its position in shares of Mastercard by 1.1% during the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after buying an additional 56,642 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mastercard by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after buying an additional 107,953 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Evercore ISI boosted their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. KeyCorp boosted their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Mizuho dropped their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada boosted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $497.78.

Read Our Latest Research Report on MA

Mastercard Stock Down 0.0 %

Shares of NYSE:MA traded down $0.03 during midday trading on Monday, hitting $451.18. 2,162,100 shares of the stock were exchanged, compared to its average volume of 2,425,240. 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 $419.42 billion, a PE ratio of 35.86, a P/E/G ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The business’s fifty day simple moving average is $464.37 and its two-hundred day simple moving average is $446.18.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 1,785,580 shares of company stock valued at $812,239,407 over the last three months. 0.10% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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