Mach 1 Financial Group LLC Raises Holdings in Mastercard Incorporated $MA

Mach 1 Financial Group LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 776.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,592 shares of the credit services provider’s stock after purchasing an additional 4,068 shares during the period. Mach 1 Financial Group LLC’s holdings in Mastercard were worth $2,621,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Mastercard by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares during the period. State Street Corp grew its stake in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the period. Capital Research Global Investors grew its stake in Mastercard by 6.5% in the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after acquiring an additional 629,941 shares during the period. Legal & General Group Plc grew its stake in Mastercard by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock worth $3,303,015,000 after acquiring an additional 235,403 shares during the period. Finally, Invesco Ltd. grew its stake in Mastercard by 6.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock worth $3,218,638,000 after acquiring an additional 339,137 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.2%

Shares of Mastercard stock opened at $498.59 on Thursday. The company has a fifty day moving average price of $502.08 and a 200 day moving average price of $530.11. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The stock has a market cap of $440.55 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping 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 analyst estimates of $8.26 billion. During the same quarter in the previous year, the business posted $3.73 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on MA. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Truist Financial lowered their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Macquarie Infrastructure boosted their price objective on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.00.

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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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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