BlueMountain Capital Management LLC Raises Holdings in Mastercard Inc (MA)

BlueMountain Capital Management LLC grew its position in shares of Mastercard Inc (NYSE:MA) by 7,521.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,259 shares of the credit services provider’s stock after purchasing an additional 5,190 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Mastercard were worth $1,033,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MA. FMR LLC grew its holdings in shares of Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock worth $6,699,000 after buying an additional 1,317,472 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Mastercard by 1.9% during the first quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock worth $11,311,482,000 after buying an additional 1,232,199 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Mastercard by 270.9% during the first quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock worth $242,336,000 after buying an additional 1,010,530 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Mastercard by 17.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,657,010 shares of the credit services provider’s stock worth $815,722,000 after buying an additional 694,700 shares during the last quarter. 74.43% of the stock is currently owned by institutional investors.

In related news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

Shares of NYSE:MA opened at $217.22 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $221.66 billion, a P/E ratio of 47.43, a PEG ratio of 1.75 and a beta of 1.19. Mastercard Inc has a 52 week low of $137.75 and a 52 week high of $218.69.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. sell-side analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MA. Sandler O’Neill reissued a “hold” rating and set a $209.00 price target on shares of Mastercard in a report on Friday, July 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $237.00 price target on shares of Mastercard in a report on Friday, July 27th. Buckingham Research raised their price target on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. JPMorgan Chase & Co. raised their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, KeyCorp reissued an “overweight” rating and set a $230.00 price target (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $208.56.

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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