Two Sigma Investments LP Has $223.02 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Two Sigma Investments LP cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,537 shares of the credit services provider's stock after selling 20,459 shares during the period. Two Sigma Investments LP's holdings in Mastercard were worth $223,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. Raymond James Financial Inc. acquired a new position in Mastercard during the fourth quarter valued at $837,017,000. Proficio Capital Partners LLC raised its position in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the period. Northern Trust Corp raised its position in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC acquired a new position in Mastercard during the fourth quarter valued at $617,303,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $582.97 on Monday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $584.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $531.49 billion, a PE ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06. The stock has a 50-day simple moving average of $535.67 and a 200 day simple moving average of $535.89.

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

Analyst Ratings Changes

Several research firms recently weighed in on MA. Piper Sandler reissued an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods boosted their target price on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This represents a 4.05% 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 company'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 completion of 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 position. The disclosure for this sale can be found here. In 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.

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.

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