Winthrop Advisory Group LLC Has $1.08 Million Stake in Mastercard Incorporated (NYSE:MA)

Winthrop Advisory Group LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,970 shares of the credit services provider’s stock after selling 770 shares during the period. Winthrop Advisory Group LLC’s holdings in Mastercard were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Somerset Trust Co increased its holdings in shares of Mastercard by 30.8% during the first quarter. Somerset Trust Co now owns 1,151 shares of the credit services provider’s stock worth $631,000 after buying an additional 271 shares in the last quarter. Lantz Financial LLC lifted its holdings in Mastercard by 1.8% during the 1st quarter. Lantz Financial LLC now owns 1,368 shares of the credit services provider’s stock worth $750,000 after buying an additional 24 shares during the period. Private Client Services LLC raised its position in shares of Mastercard by 4.2% in the 1st quarter. Private Client Services LLC now owns 867 shares of the credit services provider’s stock worth $475,000 after acquiring an additional 35 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Mastercard by 3.4% in the 1st quarter. Global Financial Private Client LLC now owns 786 shares of the credit services provider’s stock worth $431,000 after acquiring an additional 26 shares in the last quarter. Finally, Welch Group LLC increased its position in Mastercard by 3.3% in the 1st quarter. Welch Group LLC now owns 15,002 shares of the credit services provider’s stock valued at $8,110,000 after buying an additional 476 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of MA opened at $583.27 on Friday. The company has a market capitalization of $531.77 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $543.93 and a 200 day moving average of $539.54. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45.

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

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were 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 in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Royal Bank of Canada boosted their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Mastercard from $630.00 to $655.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Susquehanna upped their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $608.57.

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.