Mastercard Incorporated (NYSE:MA) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,375 shares of the credit services provider’s stock after selling 174 shares during the quarter. CENTRAL TRUST Co’s holdings in Mastercard were worth $19,443,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Hoxton Planning & Management LLC grew its stake in Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in shares of Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP increased its holdings in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its position in shares of Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC lifted its stake in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA traded down $0.62 during midday trading on Tuesday, reaching $459.04. The stock had a trading volume of 2,165,798 shares, compared to its average volume of 2,438,654. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $426.73 billion, a P/E ratio of 36.49, a P/E/G ratio of 1.80 and a beta of 1.08. The firm’s 50 day moving average price is $465.81 and its 200-day moving average price is $444.82. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the business earned $2.80 earnings per share. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 122,000 shares of Mastercard stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $460.20, for a total value of $56,144,400.00. Following the transaction, the insider now owns 94,971,308 shares in the company, valued at $43,705,795,941.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 122,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the completion of the sale, the insider now owns 94,971,308 shares of the company’s stock, valued at approximately $43,705,795,941.60. The disclosure for this sale can be found here. Insiders sold a total of 1,573,580 shares of company stock valued at $715,722,727 over the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. KeyCorp increased their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $497.78.

Read Our Latest Research Report on MA

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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