Nicholas Hoffman & Company LLC. Decreases Holdings in Mastercard Inc (NYSE:MA)

Nicholas Hoffman & Company LLC. cut its holdings in shares of Mastercard Inc (NYSE:MA) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 5,970 shares of the credit services provider’s stock after selling 177 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Mastercard were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Altavista Wealth Management Inc. grew its stake in shares of Mastercard by 2.5% during the 4th quarter. Altavista Wealth Management Inc. now owns 10,436 shares of the credit services provider’s stock worth $3,116,000 after acquiring an additional 252 shares during the period. Bluefin Trading LLC bought a new position in shares of Mastercard during the 4th quarter worth $10,214,000. CSat Investment Advisory L.P. grew its stake in shares of Mastercard by 8.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 5,850 shares of the credit services provider’s stock worth $1,747,000 after acquiring an additional 447 shares during the period. NS Partners Ltd grew its stake in shares of Mastercard by 1.1% during the 4th quarter. NS Partners Ltd now owns 96,171 shares of the credit services provider’s stock worth $28,716,000 after acquiring an additional 1,018 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Mastercard during the 4th quarter worth $48,000. 75.20% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. UBS Group cut their price target on Mastercard from $345.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Robert W. Baird increased their price target on Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Nomura Securities cut their price target on Mastercard from $368.00 to $334.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Nomura reiterated a “buy” rating and set a $334.00 price target on shares of Mastercard in a research note on Thursday, April 30th. Finally, Wells Fargo & Co cut their target price on Mastercard from $370.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $320.46.

Shares of MA traded up $0.57 during trading hours on Friday, reaching $294.83. 162,121 shares of the company’s stock traded hands, compared to its average volume of 4,669,021. The stock has a market cap of $299.92 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.30. The firm’s 50 day simple moving average is $265.52 and its 200-day simple moving average is $287.56. Mastercard Inc has a 12 month low of $199.99 and a 12 month high of $347.25.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.10. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. Mastercard’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. As a group, analysts expect that Mastercard Inc will post 6.4 earnings per share for the current fiscal year.

In related news, Director Lance Darrell Gordon Uggla purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were acquired at an average cost of $265.00 per share, with a total value of $265,000.00. Following the purchase, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $281.79, for a total value of $566,116.11. Following the completion of the sale, the director now directly owns 7,346 shares in the company, valued at $2,070,029.34. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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