Hayek Kallen Investment Management Buys 215 Shares of Mastercard Incorporated (NYSE:MA)

Hayek Kallen Investment Management grew its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368 shares of the credit services provider’s stock after acquiring an additional 215 shares during the quarter. Hayek Kallen Investment Management’s holdings in Mastercard were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC grew 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 acquiring an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. grew its position in Mastercard by 3,339.9% in the 3rd 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 during the period. Lone Pine Capital LLC raised its stake in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after buying an additional 569,534 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after buying an additional 428,627 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Mastercard in the 3rd quarter worth $158,528,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MA. JPMorgan Chase & Co. reduced their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Morgan Stanley reduced their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Barclays dropped their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, Royal Bank of Canada upped their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $497.78.

Get Our Latest Research Report on MA

Mastercard Price Performance

Shares of NYSE MA traded up $1.40 during midday trading on Friday, reaching $460.27. 1,985,903 shares of the stock traded hands, compared to its average volume of 2,647,543. The company’s 50 day moving average is $466.28 and its 200 day moving average is $442.84. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $427.87 billion, a PE ratio of 36.59, a P/E/G ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 1,448,688 shares of company stock valued at $658,248,007 over the last ninety days. 0.13% of the stock is owned by insiders.

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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