Mastercard Incorporated $MA Stock Holdings Lowered by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 15.5% in the 4th quarter, Holdings Channel reports. The fund owned 532,015 shares of the credit services provider’s stock after selling 97,477 shares during the period. Bessemer Group Inc.’s holdings in Mastercard were worth $303,717,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. Tacita Capital Inc grew its position in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares during the period. Bay Harbor Wealth Management LLC lifted its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. Finally, Birchbrook Inc. acquired a new stake in Mastercard in the fourth quarter worth about $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $489.91 on Friday. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $432.87 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.53 and a beta of 0.76. The firm has a 50-day moving average of $503.90 and a two-hundred day moving average of $531.86.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating 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 company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the company earned $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 19.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Citigroup reduced their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Bank of America began coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reduced their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $656.00.

View Our Latest Report on Mastercard

Key Mastercard News

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Mastercard Profile

(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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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