Geode Capital Management LLC Has $11.77 Billion Stake in Mastercard Incorporated $MA

Geode Capital Management LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,686,605 shares of the credit services provider’s stock after acquiring an additional 349,369 shares during the quarter. Mastercard comprises approximately 0.7% of Geode Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Geode Capital Management LLC owned about 2.30% of Mastercard worth $11,773,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its stake in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares in the last quarter. Tacita Capital Inc lifted its stake in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Affinity Capital Advisors LLC lifted its stake in Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. lifted its position in shares of Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares in the last quarter. Finally, Thomasville National Bank lifted its position in shares of Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. Morgan Stanley restated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a report on Thursday, January 29th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $656.04.

Mastercard Stock Performance

NYSE:MA opened at $495.41 on Thursday. The company has a market capitalization of $437.74 billion, a PE ratio of 28.67, a P/E/G ratio of 1.54 and a beta of 0.76. The company has a 50 day simple moving average of $501.38 and a two-hundred day simple moving average of $528.21. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS. Research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.