Mastercard Incorporated (NYSE:MA) Shares Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,912 shares of the credit services provider's stock after buying an additional 1,393 shares during the period. Gateway Investment Advisers LLC's holdings in Mastercard were worth $24,069,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Addison Advisors LLC lifted its position in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after buying an additional 18 shares in the last quarter. Augustine Asset Management Inc. lifted its holdings in Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after acquiring an additional 19 shares during the period. Richard W. Paul & Associates LLC boosted its position in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares during the last quarter. Founders Financial Alliance LLC grew its stake in Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after purchasing an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC increased its position in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.9%

Shares of MA traded up $5.31 during midday trading on Tuesday, reaching $589.64. 2,133,724 shares of the stock were exchanged, compared to its average volume of 2,603,431. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. The company's 50 day moving average is $549.42 and its two-hundred day moving average is $542.89. The company has a market capitalization of $537.58 billion, a P/E ratio of 42.45, a PEG ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm posted $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $610.00.

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.