Veritas Investment Management Llp Cut Stake in Mastercard INC (MA) as Stock Value Rose

June 24, 2018 - By Kurt Siggers

Mastercard Incorporated (NYSE:MA) LogoInvestors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It fall, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Sadoff Inv Mgmt Lc has invested 0.03% in Mastercard Incorporated (NYSE:MA). Triple Frond Limited Liability owns 186,000 shares for 3.66% of their portfolio. Smith Chas P And Pa Cpas accumulated 0.03% or 1,297 shares. Chesley Taft Assocs Ltd Liability Co owns 65,510 shares or 1.02% of their US portfolio. 2.48M were accumulated by Manufacturers Life Insur Co The. Next Century Growth Investors Ltd Limited Liability Company stated it has 21,176 shares or 0.49% of all its holdings. Force Capital Mgmt has 4.65% invested in Mastercard Incorporated (NYSE:MA) for 25,227 shares. Northern Capital Mgmt Ltd Liability Corp has 5,910 shares for 0.27% of their portfolio. Great Lakes Advsrs Ltd Limited Liability Company holds 9,693 shares. Koch Indus Inc holds 0.07% in Mastercard Incorporated (NYSE:MA) or 3,975 shares. Natl Mutual Insurance Federation Of Agricultural Cooperatives accumulated 33,000 shares. Hennessy Advsr has invested 0.08% in Mastercard Incorporated (NYSE:MA). Schwerin Boyle Cap Mngmt owns 297,911 shares or 5.73% of their US portfolio. Hm Payson & invested in 1.07% or 148,217 shares. Susquehanna International Group Inc Ltd Liability Partnership stated it has 1.34M shares or 0.08% of all its holdings.

Since January 2, 2018, it had 0 buys, and 8 insider sales for $59.23 million activity. Murphy Timothy H sold $5.53M worth of Mastercard Incorporated (NYSE:MA) on Monday, March 19. Vosburg Craig sold $3.25M worth of stock or 17,496 shares. BANGA AJAY sold 239,020 shares worth $44.45M. Fraccaro Michael had sold 3,993 shares worth $692,252 on Monday, April 9. The insider Haythornthwaite Richard sold $866,104. CARLUCCI DAVID R sold $1.09M worth of Mastercard Incorporated (NYSE:MA) on Friday, March 9.

Veritas Investment Management Llp decreased its stake in Mastercard Inc (MA) by 6.31% based on its latest 2018Q1 regulatory filing with the SEC. Veritas Investment Management Llp sold 24,532 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 364,498 shares of the business services company at the end of 2018Q1, valued at $63.83 million, down from 389,030 at the end of the previous reported quarter. Veritas Investment Management Llp who had been investing in Mastercard Inc for a number of months, seems to be less bullish one the $210.34B market cap company. The stock increased 0.35% or $0.7 during the last trading session, reaching $201.48. About 3.13M shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 24, 2017 and is uptrending. It has outperformed by 44.23% the S&P500.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 earnings per share, up 40.00 % or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61B for 32.71 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67 % EPS growth.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard, Inc. (MA) Management Presents at RBC 2018 Financial Technology Investor Day Conference (Transcript)” on June 14, 2018, also Seekingalpha.com with their article: “Why I Would Still Choose Mastercard Over Visa” published on May 28, 2018, Seekingalpha.com published: “Mastercard, Inc. (MA) Management Presents at Bernstein Strategic Decisions Conference (Transcript)” on May 30, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard – Priceless” published on May 29, 2018 as well as Nasdaq.com‘s news article titled: “Better Buy: American Express Company vs. Discover” with publication date: June 19, 2018.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 24 analysts covering Mastercard (NYSE:MA), 22 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Mastercard has $212.0 highest and $170.0 lowest target. $200.13’s average target is -0.67% below currents $201.48 stock price. Mastercard had 40 analyst reports since December 28, 2017 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Friday, May 4. PiperJaffray maintained the shares of MA in report on Friday, February 2 with “Overweight” rating. The stock of Mastercard Incorporated (NYSE:MA) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. BMO Capital Markets maintained the shares of MA in report on Thursday, February 1 with “Buy” rating. The firm earned “Hold” rating on Thursday, May 17 by UBS. Oppenheimer maintained the shares of MA in report on Thursday, January 25 with “Outperform” rating. On Wednesday, April 18 the stock rating was maintained by Oppenheimer with “Buy”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, May 4 report. KeyBanc Capital Markets maintained Mastercard Incorporated (NYSE:MA) rating on Friday, February 2. KeyBanc Capital Markets has “Overweight” rating and $195 target. Cowen & Co maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, February 1. Cowen & Co has “Buy” rating and $192.0 target.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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