Mastercard Incorporated (NYSE:MA) Stake Lessened by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,586 shares of the credit services provider's stock after selling 31,535 shares during the quarter. Mastercard accounts for about 1.7% of Burgundy Asset Management Ltd.'s holdings, making the stock its 23rd biggest holding. Burgundy Asset Management Ltd.'s holdings in Mastercard were worth $167,758,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC grew its position in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP raised its position in Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on MA shares. Morgan Stanley dropped their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group upped their price target on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $608.57.

Mastercard Stock Up 0.6%

Shares of Mastercard stock traded up $3.50 during trading hours on Wednesday, hitting $578.05. 726,871 shares of the company's stock traded hands, compared to its average volume of 2,769,584. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45. The stock has a 50 day simple moving average of $541.68 and a 200-day simple moving average of $538.59. The company has a market cap of $527.02 billion, a PE ratio of 41.60, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by corporate insiders.

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.