Thornburg Investment Management Inc. Sells 4,888 Shares of Mastercard Incorporated $MA

Thornburg Investment Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,052 shares of the credit services provider’s stock after selling 4,888 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $56,547,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after buying an additional 466,514 shares in the last quarter. State Street Corp raised its stake in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the period. Capital International Investors increased its holdings in Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the period. Finally, Morgan Stanley increased its holdings in Mastercard by 0.8% in the fourth quarter. Morgan Stanley now owns 16,046,550 shares of the credit services provider’s stock valued at $9,160,657,000 after purchasing an additional 123,528 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. Bank of America initiated coverage on Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Truist Financial decreased their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup decreased their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Loop Capital restated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Price Performance

Shares of NYSE MA opened at $490.47 on Tuesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The firm has a fifty day simple moving average of $499.25 and a 200 day simple moving average of $523.09. The company has a market capitalization of $433.37 billion, a PE ratio of 28.38, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

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

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.