Heartland Bank & Trust Co Sells 2,070 Shares of Mastercard Incorporated (NYSE:MA)

Heartland Bank & Trust Co reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 41.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,955 shares of the credit services provider's stock after selling 2,070 shares during the quarter. Mastercard makes up approximately 0.8% of Heartland Bank & Trust Co's investment portfolio, making the stock its 26th biggest position. Heartland Bank & Trust Co's holdings in Mastercard were worth $1,620,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter worth $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $32,000. Finally, Navigoe LLC bought a new stake in Mastercard during the 4th quarter valued at approximately $33,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MA shares. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Seven research 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. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Down 1.2%

Shares of NYSE MA opened at $532.18 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm has a 50-day simple moving average of $559.72 and a two-hundred day simple moving average of $544.68. The company has a market cap of $485.19 billion, a P/E ratio of 37.32, a PEG ratio of 2.32 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider now directly owns 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock worth $23,166,463 over the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard 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.

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