First United Bank & Trust Sells 120 Shares of Mastercard Incorporated (NYSE:MA)

First United Bank & Trust cut its holdings in Mastercard Incorporated (NYSE:MA) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,149 shares of the credit services provider’s stock after selling 120 shares during the quarter. First United Bank & Trust’s holdings in Mastercard were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Mastercard during the 4th quarter valued at about $6,022,224,000. GAMMA Investing LLC lifted its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mastercard in the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $590.78 on Thursday. The company has a market cap of $538.62 billion, a P/E ratio of 42.53, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $551.43 and its two-hundred day moving average is $543.22.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MA shares. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insiders Place Their Bets

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

About Mastercard

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.