Abel Hall LLC Acquires New Shares in Mastercard Incorporated (NYSE:MA)

Abel Hall LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 914 shares of the credit services provider’s stock, valued at approximately $390,000.

Several other institutional investors have also recently made changes to their positions in MA. Capital International Investors boosted its holdings in shares of Mastercard by 3.3% in 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 purchasing an additional 676,452 shares during the period. Capital Research Global Investors boosted its holdings in shares of Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares during the period. Norges Bank purchased a new position in shares of Mastercard in the 4th quarter worth approximately $4,595,559,000. Northern Trust Corp boosted its holdings in shares of Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $445.09, for a total value of $48,069,720.00. Following the sale, the insider now owns 93,226,308 shares in the company, valued at approximately $41,494,097,427.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $445.09, for a total value of $48,069,720.00. Following the sale, the insider now owns 93,226,308 shares of the company’s stock, valued at approximately $41,494,097,427.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, the insider now directly owns 3,463 shares in the company, valued at approximately $1,572,202. The disclosure for this sale can be found here. Insiders have sold a total of 2,551,400 shares of company stock valued at $1,152,586,960 over the last quarter. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Evercore ISI raised their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Price Performance

Shares of MA stock traded down $0.37 during trading hours on Friday, reaching $444.63. The company had a trading volume of 2,161,546 shares, compared to its average volume of 2,074,082. The company has a market capitalization of $413.33 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.74 and a beta of 1.09. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $454.26 and a 200-day moving average of $450.18.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the firm earned $2.80 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

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.