Mastercard Incorporated (NYSE:MA) Shares Sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,407 shares of the credit services provider's stock after selling 816 shares during the period. Mastercard accounts for about 1.6% of Birch Hill Investment Advisors LLC's portfolio, making the stock its 21st largest position. Birch Hill Investment Advisors LLC's holdings in Mastercard were worth $34,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard during the fourth quarter valued at $32,000. Finally, Navigoe LLC acquired a new position in Mastercard during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

NYSE MA traded up $0.89 during trading hours on Tuesday, hitting $569.56. 2,246,096 shares of the company's stock traded hands, compared to its average volume of 2,616,540. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a market capitalization of $519.27 billion, a PE ratio of 41.01, a PEG ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm's 50-day moving average is $556.98 and its 200-day moving average is $544.29.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the company earned $3.31 EPS. Mastercard's revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,645 shares of company stock valued at $26,979,801. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.