Carderock Capital Management Inc. Has $6.47 Million Stock Position in Mastercard Inc (NYSE:MA)
Carderock Capital Management Inc. decreased its position in shares of Mastercard Inc (NYSE:MA) by 5.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 26,786 shares of the credit services provider’s stock after selling 1,406 shares during the quarter. Mastercard makes up approximately 3.0% of Carderock Capital Management Inc.’s portfolio, making the stock its 5th largest position. Carderock Capital Management Inc.’s holdings in Mastercard were worth $6,470,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MA. BlackRock Inc. increased its holdings in shares of Mastercard by 0.7% during the first quarter. BlackRock Inc. now owns 66,884,745 shares of the credit services provider’s stock worth $16,156,679,000 after purchasing an additional 470,845 shares during the period. State Street Corp grew its position in Mastercard by 0.4% during the fourth quarter. State Street Corp now owns 36,930,418 shares of the credit services provider’s stock worth $11,027,054,000 after buying an additional 143,079 shares in the last quarter. Capital Research Global Investors increased its stake in Mastercard by 0.4% during the 4th quarter. Capital Research Global Investors now owns 17,804,905 shares of the credit services provider’s stock worth $5,316,366,000 after acquiring an additional 62,592 shares during the period. Geode Capital Management LLC raised its holdings in Mastercard by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 14,038,211 shares of the credit services provider’s stock valued at $4,183,742,000 after acquiring an additional 367,242 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Mastercard by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,849,370 shares of the credit services provider’s stock valued at $3,103,895,000 after acquiring an additional 366,283 shares during the period. 75.20% of the stock is owned by institutional investors.
A number of research analysts recently commented on MA shares. KeyCorp raised their price target on Mastercard from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group dropped their target price on shares of Mastercard from $345.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Morgan Stanley increased their price target on shares of Mastercard from $286.00 to $311.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Raymond James boosted their price objective on shares of Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Wedbush upped their target price on Mastercard from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $320.46.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts expect that Mastercard Inc will post 6.4 earnings per share for the current year.
In related news, Director Lance Darrell Gordon Uggla bought 1,000 shares of Mastercard stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $265.00 per share, for a total transaction of $265,000.00. Following the completion of the acquisition, the director now directly owns 5,691 shares of the company’s stock, valued at approximately $1,508,115. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 2,009 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the sale, the director now directly owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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