Mastercard Incorporated (NYSE:MA) Holdings Raised by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 312,615 shares of the credit services provider's stock after acquiring an additional 44,914 shares during the quarter. Mastercard accounts for about 1.1% of Worldquant Millennium Advisors LLC's holdings, making the stock its 12th biggest position. Worldquant Millennium Advisors LLC's holdings in Mastercard were worth $164,614,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC raised its stake in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth $6,022,224,000. Finally, Wellington Management Group LLP raised its stake in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

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 Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 in the company, 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. In the last ninety days, insiders have sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

MA has been the subject of several research reports. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. UBS Group dropped their price objective on Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Finally, Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Stock Down 1.0%

Mastercard stock traded down $5.92 during midday trading on Friday, hitting $564.23. 1,948,767 shares of the company were exchanged, compared to its average volume of 2,611,624. The company's fifty day moving average price is $540.36 and its 200-day moving average price is $537.92. The company has a market cap of $514.41 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

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, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS 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.