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

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

A number of other institutional investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James restated an "outperform" rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, UBS Group dropped their price target on Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $607.86.

Mastercard Stock Up 1.9%

NYSE:MA traded up $10.45 during trading hours on Tuesday, reaching $574.03. The company's stock had a trading volume of 2,655,189 shares, compared to its average volume of 2,611,798. The company has a market cap of $523.35 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The business's 50-day moving average is $540.93 and its 200-day moving average is $538.34. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.10% of the company's stock.

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.