Hyman Charles D Sells 2,836 Shares of Mastercard Incorporated (NYSE:MA)

Hyman Charles D cut its position in Mastercard Incorporated (NYSE:MA) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,462 shares of the credit services provider’s stock after selling 2,836 shares during the period. Mastercard makes up 2.6% of Hyman Charles D’s holdings, making the stock its 10th largest position. Hyman Charles D’s holdings in Mastercard were worth $44,128,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC boosted its position in Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after purchasing an additional 569,534 shares in the last quarter. Jennison Associates LLC boosted its position in Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after purchasing an additional 428,627 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MA. The Goldman Sachs Group increased their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Robert W. Baird increased their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Barclays reduced their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets increased their price target on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Stock Performance

MA traded up $1.92 during trading on Wednesday, reaching $454.98. The company’s stock had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The company’s fifty day moving average price is $468.64 and its 200-day moving average price is $439.23. The company has a market capitalization of $424.45 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced 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. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.80 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the transaction, the insider now owns 3,463 shares in the company, valued at $1,572,202. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 147,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the sale, the insider now directly owns 96,230,308 shares of the company’s stock, valued at approximately $43,070,761,254.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 872,688 shares of company stock valued at $395,722,487. 0.13% of the stock is owned by corporate insiders.

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.