Lagoda Investment Management L.P. Acquires 1,260 Shares of Mastercard Incorporated (NYSE:MA)

Lagoda Investment Management L.P. raised its holdings in Mastercard Incorporated (NYSE:MA) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,954 shares of the credit services provider’s stock after purchasing an additional 1,260 shares during the quarter. Mastercard accounts for 1.1% of Lagoda Investment Management L.P.’s investment portfolio, making the stock its 19th largest position. Lagoda Investment Management L.P.’s holdings in Mastercard were worth $2,082,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Whalerock Point Partners LLC lifted its position in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Cardano Risk Management B.V. lifted its position in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. lifted its position in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after buying an additional 1,194 shares during the last quarter. Finally, Courier Capital LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $3,867,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $568.38 on Monday. The business’s 50-day moving average price is $532.17 and its two-hundred day moving average price is $533.39. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock has a market cap of $518.20 billion, a P/E ratio of 40.92, a PEG ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MA shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Profile

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.