Mastercard Incorporated (NYSE:MA) Shares Purchased by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MAGet Rating) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,794 shares of the credit services provider’s stock after purchasing an additional 344 shares during the period. Mastercard makes up 1.0% of Fort Sheridan Advisors LLC’s holdings, making the stock its 19th biggest holding. Fort Sheridan Advisors LLC’s holdings in Mastercard were worth $3,519,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Cranbrook Wealth Management LLC grew its holdings in Mastercard by 217.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Mastercard during the 4th quarter worth approximately $37,000. Tortoise Investment Management LLC grew its holdings in Mastercard by 71.4% during the 4th quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 55 shares in the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in Mastercard during the 4th quarter worth approximately $54,000. Finally, Wealth Quarterback LLC grew its holdings in Mastercard by 186.8% during the 3rd quarter. Wealth Quarterback LLC now owns 152 shares of the credit services provider’s stock worth $55,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

MA has been the subject of several analyst reports. BMO Capital Markets lowered their price target on shares of Mastercard from $412.00 to $402.00 in a report on Friday, April 29th. Bank of America reduced their price objective on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday, April 18th. Morgan Stanley reduced their price objective on shares of Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Finally, StockNews.com started coverage on shares of Mastercard in a research report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $420.76.

In other news, major shareholder Foundation Mastercard sold 155,060 shares of the company’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $372.93, for a total transaction of $57,826,525.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 1,561 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 482,603 shares of company stock valued at $166,308,551. 0.33% of the stock is owned by insiders.

Mastercard stock traded up $11.56 during trading hours on Friday, reaching $332.80. 3,533,466 shares of the stock were exchanged, compared to its average volume of 3,700,443. The stock has a market cap of $323.70 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.54 and a beta of 1.01. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a 52-week low of $305.61 and a 52-week high of $399.92. The firm’s 50 day moving average is $349.13 and its 200 day moving average is $352.78.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. Mastercard’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Equities research analysts expect that Mastercard Incorporated will post 10.49 EPS for the current fiscal year.

Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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