Mastercard Inc (NYSE:MA) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Mastercard Inc (NYSE:MA) by 45.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 569,430 shares of the credit services provider’s stock after buying an additional 179,097 shares during the quarter. Mastercard accounts for about 1.4% of Handelsbanken Fonder AB’s portfolio, making the stock its 6th largest holding. Handelsbanken Fonder AB owned about 0.06% of Mastercard worth $168,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of Mastercard by 146.6% in the 2nd quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock valued at $1,287,820,000 after purchasing an additional 2,614,737 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Mastercard in the 1st quarter valued at about $53,522,000. Capital International Investors increased its stake in shares of Mastercard by 44.2% in the 1st quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock valued at $829,028,000 after purchasing an additional 1,052,440 shares in the last quarter. Altshuler Shaham Ltd increased its stake in shares of Mastercard by 6,181,769.2% in the 1st quarter. Altshuler Shaham Ltd now owns 803,643 shares of the credit services provider’s stock valued at $194,128,000 after purchasing an additional 803,630 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Mastercard by 519.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,828 shares of the credit services provider’s stock valued at $230,648,000 after purchasing an additional 800,780 shares in the last quarter. 73.72% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Ann Cairns sold 40,115 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the completion of the sale, the insider now owns 107,377 shares in the company, valued at $32,490,132.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fraccaro sold 3,458 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $350.00, for a total transaction of $1,210,300.00. Following the sale, the insider now owns 5,147 shares of the company’s stock, valued at approximately $1,801,450. The disclosure for this sale can be found here. Insiders have sold 1,052,367 shares of company stock valued at $320,098,053 in the last quarter. Insiders own 3.79% of the company’s stock.

MA has been the subject of several recent analyst reports. Truist lifted their price target on Mastercard from $375.00 to $415.00 in a research note on Friday, August 28th. JPMorgan Chase & Co. boosted their price objective on Mastercard from $315.00 to $369.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Daiwa Capital Markets reiterated a “neutral” rating and set a $314.00 price objective on shares of Mastercard in a research note on Tuesday, July 21st. Mizuho initiated coverage on Mastercard in a research note on Wednesday, August 26th. They set a “buy” rating and a $400.00 price objective for the company. Finally, Compass Point boosted their price objective on Mastercard from $330.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $346.25.

Shares of MA stock traded up $0.48 during mid-day trading on Tuesday, hitting $339.08. 103,418 shares of the stock were exchanged, compared to its average volume of 5,164,407. The stock’s fifty day simple moving average is $332.26 and its two-hundred day simple moving average is $293.50. The stock has a market capitalization of $338.96 billion, a price-to-earnings ratio of 47.28, a P/E/G ratio of 2.75 and a beta of 1.11. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $367.25. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The business’s quarterly revenue was down 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 earnings per share. On average, research analysts expect that Mastercard Inc will post 6.63 earnings per share for the current fiscal year.

About Mastercard

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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