Chevy Chase Trust Holdings LLC Sells 4,009 Shares of Mastercard Incorporated (NYSE:MA)

Chevy Chase Trust Holdings LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,460 shares of the credit services provider’s stock after selling 4,009 shares during the period. Mastercard comprises about 0.8% of Chevy Chase Trust Holdings LLC’s holdings, making the stock its 18th largest holding. Chevy Chase Trust Holdings LLC’s holdings in Mastercard were worth $244,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the 4th quarter valued at approximately $32,000. Navigoe LLC bought a new position in Mastercard in the 4th quarter valued at approximately $33,000. Finally, 10Elms LLP bought a new position in Mastercard in the 4th quarter valued at approximately $33,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.8%

NYSE:MA opened at $542.63 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $494.72 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 2.32 and a beta of 1.05. The firm has a fifty day simple moving average of $560.33 and a two-hundred day simple moving average of $544.91. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the company posted $3.31 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,890 shares of company stock valued at $27,003,492. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MA. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Evercore ISI began coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $610.00.

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.