Mastercard Incorporated (NYSE:MA) is Soroban Capital Partners LP's 7th Largest Position

Soroban Capital Partners LP decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 981,036 shares of the credit services provider's stock after selling 28,500 shares during the period. Mastercard makes up 6.9% of Soroban Capital Partners LP's investment portfolio, making the stock its 7th largest holding. Soroban Capital Partners LP owned 0.11% of Mastercard worth $516,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Regent Peak Wealth Advisors LLC increased its position in shares of Mastercard by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider's stock valued at $946,000 after buying an additional 41 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Mastercard in the 4th quarter valued at approximately $1,580,000. TrueWealth Advisors LLC purchased a new stake in Mastercard in the 4th quarter valued at approximately $218,000. Integrated Investment Consultants LLC purchased a new stake in Mastercard in the 4th quarter valued at approximately $205,000. Finally, Ameritas Advisory Services LLC lifted its stake in Mastercard by 53.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,180 shares of the credit services provider's stock valued at $5,360,000 after buying an additional 3,536 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MA shares. Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Raymond James reaffirmed an "outperform" rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Trading Down 1.0%

NYSE MA traded down $5.92 during mid-day trading on Friday, hitting $564.23. The company's stock had a trading volume of 1,948,767 shares, compared to its average volume of 2,609,826. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The stock's fifty day simple moving average is $540.36 and its two-hundred day simple moving average is $537.81. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $514.41 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last posted 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 firm 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. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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.