BlackRock Fund Advisors has recently announced that it has increased stake in Mastercard Incorporated (NYSE:MA) by 1.03%. After grabbing 41.17 million shares, the institutional investor is now in possession of 0.42 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.43% having worth around $17.56 billion. Moreover, Capital Research & Management Co increased its share by 0.99 million to have a control over 20.37 million shares. And JPMorgan Investment Management, I raised its holdings to 3.61 million shares by acquiring 17.95 million shares or 1.93% of the stake.
Mastercard Incorporated (MA) concluded trading on Thursday at a closing price of $436.80, with 2.97 million shares of worth about $1.3 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.55% during that period and on Thursday, January 25 the price saw a loss of about -0.43%. Currently the company’s common shares owned by public are about 948.00M shares, out of which, 831.62M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 179 times over the past 12 months. They bought 226,042 shares in 62 of the transactions. In 117 selling transactions, insiders dumped 4,499,911 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust are the top 3 mutual funds which are holding stakes in Mastercard Incorporated Vanguard Total Stock Market ETF is currently holding 26.26 million shares of worth totaling $11.2 billion. The company recently came selling 98098.0 shares which brought its stake up to 2.82% of the company’s outstanding shares. Vanguard 500 Index Fund sold 58340.0 shares, after which its hold over company’s outstanding shares shrunk to 2.17%, leaving 20.22 million shares with the mutual fund that have a worth of about $8.62 billion. SPDR S&P 500 ETF Trust, after selling 10.13 million shares, have now control over 1.09% of the stake in the company. It holds 55483.0 shares of worth $4.32 billion.
However, the stock later moved at a day high price of 438.63, or with a loss of -0.43%. Stock saw a price change of 1.41% in past 5 days and over the past one month there was a price change of 2.99%. Year-to-date (YTD), MA shares are showing a performance of 2.41% which increased to 14.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $340.21 but also hit the highest price of $440.94 during that period. The average intraday trading volume for Mastercard Incorporated shares is 2.60 million. The stock is currently trading 2.18% above its 20-day simple moving average (SMA20), while that difference is up 4.55% for SMA50 and it goes to 10.23% higher than SMA200.
BlackRock Fund Advisors acquired 41.17 million shares of Mastercard Incorporated having value of about $17.56 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.42 million shares in the company valued at close to $183084283.2, or have control over 1.03% stake in the company. Mastercard Incorporated (NYSE: MA) currently have 948.00M outstanding shares and institutions hold larger chunk of about 78.01% of that. Holding of mutual funds in the company is about 34.21% while other institutional holders and individual stake holders have control over 44.78% and 10.92% of the stake respectively.
The stock has a current market capitalization of $409.62B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 38.05, while it has posted earnings per share of $11.48 in the same period. Its PEG reads 1.83 and has Quick Ratio of 1.17 while making debt-to-equity ratio of 2.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MA, volatility over the week remained 1.08% while standing at 1.05% over the month.
Analysts are in expectations that Mastercard Incorporated (MA) stock would likely to be making an EPS of $3.08 in the current quarter, while forecast for next quarter EPS is $3.22 and it is $14.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.02 which is $3.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.21% while it is estimated to increase by 17.00% in next year. EPS is likely to shrink at an annualized rate of 20.76% for next 5-years, compared to annual growth of 22.87% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on January 11, 2024 offering an Outperform rating for the stock and assigned a target price of $510 to it.
