Mastercard Incorporated (NYSE:MA) Shares Purchased by Tremblant Capital Group

Tremblant Capital Group boosted its holdings in Mastercard Incorporated (NYSE:MA) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,998 shares of the credit services provider’s stock after acquiring an additional 640 shares during the period. Tremblant Capital Group’s holdings in Mastercard were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MA. Regent Peak Wealth Advisors LLC grew its holdings in shares of Mastercard by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock worth $946,000 after buying an additional 41 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $1,580,000. TrueWealth Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $218,000. Integrated Investment Consultants LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $205,000. Finally, Ameritas Advisory Services LLC lifted its position in Mastercard by 53.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 10,180 shares of the credit services provider’s stock valued at $5,360,000 after buying an additional 3,536 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $582.97 on Monday. The stock’s 50-day moving average price is $535.67 and its two-hundred day moving average price is $535.89. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $531.49 billion, a PE ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $584.29.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Raymond James restated an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Barclays lifted their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

Mastercard Company 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.