Mastercard Incorporated (NYSE:MA) Stock Holdings Lessened by General Partner Inc.

General Partner Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,103 shares of the credit services provider’s stock after selling 1,250 shares during the period. Mastercard makes up approximately 3.6% of General Partner Inc.’s holdings, making the stock its 5th biggest holding. General Partner Inc.’s holdings in Mastercard were worth $5,538,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MA. Brighton Jones LLC raised its holdings in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Mastercard during the 4th quarter valued at $83,644,000. Allen Capital Group LLC raised its holdings in Mastercard by 8.4% during the 4th quarter. Allen Capital Group LLC now owns 1,086 shares of the credit services provider’s stock valued at $572,000 after buying an additional 84 shares during the period. Hanson & Doremus Investment Management raised its holdings in Mastercard by 8.3% during the 4th quarter. Hanson & Doremus Investment Management now owns 614 shares of the credit services provider’s stock valued at $323,000 after buying an additional 47 shares during the period. Finally, USAdvisors Wealth Management LLC purchased a new stake in Mastercard during the 4th quarter valued at $209,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of MA stock opened at $577.36 on Friday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The stock’s 50-day moving average is $543.16 and its 200 day moving average is $539.17. The company has a market cap of $526.39 billion, a P/E ratio of 41.57, a PEG ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays upped their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $608.57.

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.