Blueshift Asset Management LLC Cuts Stake in Mastercard Incorporated (NYSE:MA)

Blueshift Asset Management LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,052 shares of the credit services provider’s stock after selling 25 shares during the period. Blueshift Asset Management LLC’s holdings in Mastercard were worth $449,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its stake in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares in the last quarter. Cross Staff Investments Inc grew its position in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA grew its position in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its position in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MA shares. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Robert W. Baird raised their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Mastercard Trading Up 0.4 %

MA stock traded up $1.58 on Tuesday, hitting $444.77. 2,045,897 shares of the company were exchanged, compared to its average volume of 2,428,262. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $459.19 and its two-hundred day moving average is $448.62. The stock has a market capitalization of $413.46 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly 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. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $2.80 earnings per share. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the transaction, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders sold a total of 2,087,908 shares of company stock worth $945,310,728 over the last ninety days. 0.10% of the stock is owned by company insiders.

About Mastercard

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.