Congress Asset Management Co. MA Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Congress Asset Management Co. MA lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,732 shares of the credit services provider’s stock after selling 380 shares during the period. Congress Asset Management Co. MA’s holdings in Mastercard were worth $15,240,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of 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 valued at $8,974,478,000 after buying an additional 676,452 shares in the last quarter. Capital Research Global Investors boosted its stake in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after acquiring an additional 605,909 shares in the last quarter. Norges Bank purchased a new position in shares of Mastercard during the fourth quarter worth about $4,595,559,000. Northern Trust Corp increased its position in shares of Mastercard by 2.9% during the third 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted 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 valued at $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $0.37 on Friday, reaching $444.63. 2,161,546 shares of the company’s stock were exchanged, compared to its average volume of 2,074,082. The business’s 50-day moving average is $454.26 and its two-hundred day moving average is $450.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm 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 (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Barclays decreased their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. decreased 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. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Insiders sold 2,551,400 shares of company stock valued at $1,152,586,960 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.