Mastercard Incorporated (NYSE:MA) Shares Sold by CGN Advisors LLC

CGN Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,833 shares of the credit services provider's stock after selling 718 shares during the period. CGN Advisors LLC's holdings in Mastercard were worth $4,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of MA. Addison Advisors LLC lifted its holdings in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Capital Investment Services of America Inc. boosted its stake in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. lifted its position in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after purchasing an additional 19 shares during the last quarter. Richard W. Paul & Associates LLC raised its stake in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its position in shares of Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after purchasing an additional 19 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Six 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Trading Up 0.4%

Shares of NYSE:MA traded up $2.37 during trading on Wednesday, reaching $584.34. 1,530,155 shares of the company were exchanged, compared to its average volume of 2,603,741. 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 business's fifty day simple moving average is $545.06 and its 200-day simple moving average is $540.50. The firm has a market capitalization of $532.75 billion, a PE ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last posted 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

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.