Mastercard Incorporated (NYSE:MA) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MAFree Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,530 shares of the credit services provider’s stock after selling 106 shares during the quarter. Regal Investment Advisors LLC’s holdings in Mastercard were worth $1,079,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter valued at about $4,595,559,000. International Assets Investment Management LLC increased its holdings in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the last quarter. Capital International Investors grew its position in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the period. Capital Research Global Investors increased its stake in Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Finally, Lone Pine Capital LLC raised its position in Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $449.31 on Tuesday. The firm has a market cap of $417.68 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a 50 day moving average price of $456.69 and a two-hundred day moving average price of $449.75. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.80 EPS. Sell-side analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Mizuho lowered their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $497.78.

View Our Latest Stock Analysis on Mastercard

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the sale, the insider now directly owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders sold 2,326,936 shares of company stock worth $1,052,358,872 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

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.