Mastercard Incorporated (NYSE:MA) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,755 shares of the credit services provider’s stock after selling 41 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Mastercard were worth $962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Mastercard during the 4th quarter worth approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $32,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $30,000. Finally, 10Elms LLP purchased a new stake in Mastercard during the 4th quarter worth approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MA. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Truist Financial began coverage on Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. Finally, Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Trading Up 0.8%

Shares of MA stock opened at $590.03 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $591.16. The firm has a market capitalization of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The stock has a fifty day moving average of $547.49 and a two-hundred day moving average of $541.93.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company posted $3.31 EPS. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock worth $20,885,067 in the last quarter. 0.09% of the stock is owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.