Biondo Investment Advisors LLC Has $19.68 Million Stake in Mastercard Inc (MA)

Biondo Investment Advisors LLC increased its stake in shares of Mastercard Inc (NYSE:MA) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 223,439 shares of the credit services provider’s stock after buying an additional 2,110 shares during the period. Mastercard makes up 7.0% of Biondo Investment Advisors LLC’s portfolio, making the stock its 3rd largest position. Biondo Investment Advisors LLC’s holdings in Mastercard were worth $19,676,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MA. Peloton Wealth Strategists bought a new stake in Mastercard during the third quarter valued at about $5,263,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Mastercard by 10.8% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 15,703 shares of the credit services provider’s stock valued at $1,590,000 after buying an additional 1,530 shares during the last quarter. Credit Suisse AG raised its stake in Mastercard by 17.6% in the third quarter. Credit Suisse AG now owns 2,892,992 shares of the credit services provider’s stock valued at $294,419,000 after buying an additional 432,660 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Mastercard by 19.5% in the third quarter. Ameritas Investment Partners Inc. now owns 22,927 shares of the credit services provider’s stock valued at $2,333,000 after buying an additional 3,735 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in Mastercard during the third quarter valued at about $16,248,000. 75.53% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Shares of Mastercard Inc (NYSE MA) opened at 124.76 on Friday. The company has a market cap of $133.73 billion, a PE ratio of 32.57 and a beta of 1.26. Mastercard Inc has a 12 month low of $86.65 and a 12 month high of $126.19. The firm’s 50-day moving average price is $118.65 and its 200 day moving average price is $110.95.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Inc will post $4.31 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on MA shares. Loop Capital started coverage on Mastercard in a report on Tuesday, February 14th. They issued a “buy” rating and a $119.00 price target on the stock. Vetr downgraded Mastercard from a “strong-buy” rating to a “buy” rating and set a $121.89 price target on the stock. in a report on Tuesday, February 14th. Cowen and Company reiterated an “outperform” rating and issued a $122.00 price target on shares of Mastercard in a report on Monday, March 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $123.00 price target on shares of Mastercard in a report on Saturday, March 11th. Finally, Jefferies Group LLC set a $123.00 price target on Mastercard and gave the stock a “buy” rating in a report on Saturday, March 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and a consensus price target of $119.58.

In related news, CEO Ajay Banga sold 161,742 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total value of $18,967,484.34. Following the transaction, the chief executive officer now owns 333,495 shares of the company’s stock, valued at $39,108,958.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary J. Flood sold 83,959 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $115.43, for a total value of $9,691,387.37. Following the completion of the transaction, the insider now directly owns 78,819 shares in the company, valued at approximately $9,098,077.17. The disclosure for this sale can be found here. Insiders have sold 274,829 shares of company stock worth $31,928,440 in the last ninety days. Corporate insiders own 3.14% of the company’s stock.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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