Mastercard Incorporated (NYSE:MA) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,512 shares of the credit services provider's stock after selling 1,198 shares during the period. Mastercard makes up approximately 2.8% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 13th biggest position. Abner Herrman & Brock LLC's holdings in Mastercard were worth $22,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. Addison Advisors LLC increased its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Services of America Inc. increased its position in Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. boosted its stake in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares during the period. Richard W. Paul & Associates LLC increased its position in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares during the period. Finally, Founders Financial Alliance LLC increased its holdings in Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after buying an additional 19 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.09% of the company's stock.

Mastercard Trading Up 0.4%

Shares of MA stock traded up $2.09 during trading on Thursday, hitting $586.22. 525,308 shares of the stock traded hands, compared to its average volume of 2,597,616. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The firm has a market capitalization of $534.46 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The firm's fifty day moving average price is $545.93 and its 200-day moving average price is $540.81. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Macquarie decreased their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial initiated coverage on shares of Mastercard in a research report on Monday. They issued a "buy" rating and a $640.00 price target on the stock. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

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.