Moors & Cabot Inc. Has $3.93 Million Stake in Mastercard Incorporated (NYSE:MA)

Moors & Cabot Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,911 shares of the credit services provider’s stock after purchasing an additional 40 shares during the period. Moors & Cabot Inc.’s holdings in Mastercard were worth $3,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital International Investors lifted its holdings in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the period. Capital Research Global Investors lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after acquiring an additional 43,881 shares during the period. American Century Companies Inc. lifted its holdings in shares of Mastercard by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after acquiring an additional 38,380 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Mastercard by 7.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,213,930 shares of the credit services provider’s stock worth $2,029,302,000 after acquiring an additional 279,178 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Barclays raised their price objective on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold a total of 720,467 shares of company stock valued at $331,875,955 over the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.9 %

MA opened at $497.74 on Tuesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $462.71 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50 day simple moving average of $461.70 and a 200 day simple moving average of $460.35. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $498.32.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

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.