Gardner Russo & Gardner LLC Has Raised Its Mastercard INC Cl A (MA) Holding by $4.01 Million

November 15, 2017 - By Adrian Erickson

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.06, from 0.94 in 2017Q1. It worsened, as 48 investors sold MA shares while 480 reduced holdings. 108 funds opened positions while 357 raised stakes. 790.40 million shares or 0.23% less from 792.22 million shares in 2017Q1 were reported. University Of Notre Dame Du Lac holds 1.29% or 36,047 shares. Greenleaf Trust holds 14,184 shares or 0.04% of its portfolio. Factory Mutual has invested 0.4% in Mastercard Inc (NYSE:MA). Findlay Park Partners Ltd Liability Partnership has invested 2.51% of its portfolio in Mastercard Inc (NYSE:MA). Illinois-based Tru Department Mb Commercial Bank N A has invested 0.04% in Mastercard Inc (NYSE:MA). Lincoln Lc owns 73,247 shares. Nikko Asset Mgmt Americas Incorporated owns 0.06% invested in Mastercard Inc (NYSE:MA) for 8,800 shares. Greystone Managed Inc holds 94,897 shares. Geneva Advsrs Limited Com holds 1.34 million shares or 2.79% of its portfolio. Sequoia Financial Advsrs Ltd Liability invested in 0.04% or 2,564 shares. Tillar accumulated 1.89% or 19,940 shares. Schroder Investment Mngmt Group owns 616,152 shares for 0.13% of their portfolio. Brown Brothers Harriman & Company holds 0.04% or 62,631 shares. First Financial In has invested 0.12% in Mastercard Inc (NYSE:MA). 114,376 are owned by Mutual Of America Capital Mgmt Limited Liability Corp.

Tom Russo increased its stake in Mastercard Inc Cl A (MA) by 0.35% based on its latest 2017Q2 regulatory filing with the SEC. Gardner Russo & Gardner Llc bought 33,159 shares as the company’s stock rose 7.46% with the market. The hedge fund run by Tom Russo held 9.56 million shares of the business services company at the end of 2017Q2, valued at $1.16 billion, up from 9.53M at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Mastercard Inc Cl A for a number of months, seems to be bullish on the $157.70 billion market cap company. The stock declined 0.66% or $0.99 reaching $148.96 on the news. About 223,222 shares traded. Mastercard Inc (NYSE:MA) has risen 24.16% since November 15, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Gardner Russo & Gardner Llc, which manages about $10.72 billion and $13.55 billion US Long portfolio, decreased its stake in Wells Fargo (NYSE:WFC) by 1.01M shares to 12.65 million shares, valued at $700.86 million in 2017Q2, according to the filing. It also reduced its holding in Martin Marietta Materials (NYSE:MLM) by 13,719 shares in the quarter, leaving it with 1.77 million shares, and cut its stake in Pernod Ricard (PDRDF).

More notable recent Mastercard Inc (NYSE:MA) news were published by: Finance.Yahoo.com which released: “Mastercard Inc (MA) Stock Jumps Then Falls After Beating Street” on October 31, 2017, also Reuters.com with their article: “BRIEF-Mastercard Inc sees 2017 forecasted US GAAP net revenue growth in mid-teens‍​” published on October 31, 2017, Investorplace.com published: “How Mastercard Inc Stacks Up Against Visa Inc Post Earnings” on November 10, 2017. More interesting news about Mastercard Inc (NYSE:MA) were released by: Seekingalpha.com and their article: “MasterCard’s Results Scream ‘Look At Me!'” published on October 31, 2017 as well as Seekingalpha.com‘s news article titled: “MasterCard – One Of My Strongest Conviction Holdings” with publication date: November 01, 2017.

Mastercard Inc (NYSE:MA) Ratings Coverage

Among 36 analysts covering Mastercard Incorporated (NYSE:MA), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Mastercard Incorporated had 89 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Mastercard Inc (NYSE:MA) on Thursday, July 27 with “Buy” rating. The rating was maintained by Nomura with “Buy” on Wednesday, November 1. Cantor Fitzgerald maintained the shares of MA in report on Monday, October 30 with “Overweight” rating. The rating was maintained by Mizuho with “Hold” on Tuesday, October 31. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, November 1. The firm has “Buy” rating by Citigroup given on Friday, September 11. The stock of Mastercard Inc (NYSE:MA) earned “Buy” rating by Oppenheimer on Thursday, July 27. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 27 report. Guggenheim upgraded it to “Buy” rating and $153 target in Monday, September 11 report. RBC Capital Markets maintained Mastercard Inc (NYSE:MA) rating on Wednesday, July 5. RBC Capital Markets has “Buy” rating and $13000 target.

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