Gamco Investors INC. ET AL Decreases Position in Mastercard Incorporated (NYSE:MA)

Gamco Investors INC. ET AL trimmed its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,099 shares of the credit services provider’s stock after selling 635 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Mastercard were worth $8,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Morgan Stanley lifted its position in shares of Mastercard by 4.6% in the third quarter. Morgan Stanley now owns 19,650,864 shares of the credit services provider’s stock valued at $6,832,213,000 after acquiring an additional 871,206 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mastercard by 3.8% in the third quarter. Geode Capital Management LLC now owns 14,726,400 shares of the credit services provider’s stock valued at $5,106,551,000 after acquiring an additional 534,241 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Mastercard by 16.3% in the third quarter. UBS Asset Management Americas Inc. now owns 5,829,916 shares of the credit services provider’s stock valued at $2,026,945,000 after acquiring an additional 819,003 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Mastercard by 27.2% in the fourth quarter. Brown Advisory Inc. now owns 5,587,241 shares of the credit services provider’s stock valued at $2,007,608,000 after acquiring an additional 1,195,525 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Mastercard by 1.0% in the fourth quarter. American Century Companies Inc. now owns 5,268,692 shares of the credit services provider’s stock valued at $1,893,146,000 after acquiring an additional 53,086 shares in the last quarter. Institutional investors own 74.94% of the company’s stock.

In related news, insider Craig Vosburg sold 1,561 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 106,326 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $329.93, for a total value of $35,080,137.18. Following the completion of the sale, the insider now owns 104,054,624 shares in the company, valued at $34,330,742,096.32. The disclosure for this sale can be found here. In the last three months, insiders sold 327,543 shares of company stock worth $108,482,025. Company insiders own 0.33% of the company’s stock.

Several equities analysts recently weighed in on MA shares. StockNews.com started coverage on Mastercard in a research report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their target price on Mastercard from $400.00 to $430.00 in a research report on Friday, April 29th. Raymond James reduced their target price on Mastercard from $453.00 to $447.00 and set an “outperform” rating on the stock in a research report on Friday, January 28th. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. Finally, Bank of America dropped their price target on Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research note on Monday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $422.94.

NYSE:MA opened at $336.18 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $350.18 and its two-hundred day moving average is $353.11. Mastercard Incorporated has a 52 week low of $305.61 and a 52 week high of $399.92. The company has a market cap of $326.98 billion, a PE ratio of 34.98, a P/E/G ratio of 1.57 and a beta of 1.01.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.59. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The business’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 10.49 EPS for the current fiscal year.

Mastercard Profile (Get Rating)

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 other payment-related products and services.

Featured Stories

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.