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

Mackenzie Financial Corp boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050,291 shares of the credit services provider's stock after buying an additional 218,797 shares during the quarter. Mackenzie Financial Corp owned approximately 0.11% of Mastercard worth $553,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new position in shares of Mastercard during the 4th quarter valued at $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard during 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 Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were 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 directly 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. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last three months. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research note on Tuesday. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Finally, Morgan Stanley lowered their target price 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. Six 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $608.57.

Mastercard Price Performance

Shares of MA traded up $1.05 during mid-day trading on Wednesday, hitting $575.60. 1,701,113 shares of the company traded hands, compared to its average volume of 2,608,170. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a 50-day moving average of $541.68 and a 200 day moving average of $538.59. The stock has a market capitalization of $524.78 billion, a price-to-earnings ratio of 41.44, a PEG 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 the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. Mastercard's revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal 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.