AQR Capital Management LLC Raises Holdings in Mastercard Incorporated (MA)

AQR Capital Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 607,215 shares of the credit services provider’s stock after buying an additional 129,919 shares during the period. AQR Capital Management LLC owned about 0.06% of Mastercard worth $68,293,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Glassman Wealth Services lifted its holdings in Mastercard by 0.3% during the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares during the period. Genesee Valley Trust Co. lifted its holdings in Mastercard by 0.3% during the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after acquiring an additional 18 shares during the period. Concert Wealth Management Inc. lifted its holdings in Mastercard by 0.3% during the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after acquiring an additional 18 shares during the period. Welch Group LLC lifted its holdings in Mastercard by 1.2% during the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after acquiring an additional 20 shares during the period. Finally, Intellectus Partners LLC lifted its holdings in Mastercard by 1.0% during the first quarter. Intellectus Partners LLC now owns 2,378 shares of the credit services provider’s stock worth $267,000 after acquiring an additional 24 shares during the period. 76.10% of the stock is currently owned by institutional investors.

In related news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the transaction, the insider now owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock valued at $109,574,694 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on MA shares. Deutsche Bank AG reiterated a “buy” rating and set a $124.00 price target on shares of Mastercard in a report on Thursday, May 25th. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. boosted their target price on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Wednesday, July 5th. Finally, Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Mastercard in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $138.43.

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Mastercard Incorporated (NYSE:MA) traded up 0.08% during trading on Friday, hitting $141.58. The stock had a trading volume of 6,152,491 shares. The company has a 50-day moving average of $133.09 and a 200 day moving average of $122.02. The firm has a market cap of $150.77 billion, a P/E ratio of 35.13 and a beta of 1.18. Mastercard Incorporated has a 52-week low of $99.42 and a 52-week high of $143.52.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. On average, equities research analysts predict that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.

Mastercard Company Profile

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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