Mackenzie Financial Corp Purchases 218,797 Shares of Mastercard Incorporated (NYSE:MA)

Mackenzie Financial Corp lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,050,291 shares of the credit services provider's stock after purchasing an additional 218,797 shares during the quarter. Mackenzie Financial Corp owned about 0.11% of Mastercard worth $553,052,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. NewSquare Capital LLC acquired a new stake in Mastercard in the 4th quarter valued at about $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock valued at $12,664,529 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

MA stock traded up $1.40 during trading on Thursday, hitting $577.32. 651,459 shares of the company's stock traded hands, compared to its average volume of 2,758,246. 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 52 week low of $428.86 and a 52 week high of $588.45. The stock has a fifty day moving average price of $542.49 and a two-hundred day moving average price of $538.84. The stock has a market capitalization of $526.34 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The company's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MA has been the subject of several analyst reports. UBS Group boosted their price objective on Mastercard from $640.00 to $660.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley decreased their price target 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Barclays lifted their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $608.57.

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.