Mastercard Incorporated (NYSE:MA) is Nixon Peabody Trust Co.'s 10th Largest Position

Nixon Peabody Trust Co. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,746 shares of the credit services provider's stock after selling 9,309 shares during the period. Mastercard makes up about 1.9% of Nixon Peabody Trust Co.'s holdings, making the stock its 10th biggest position. Nixon Peabody Trust Co.'s holdings in Mastercard were worth $22,334,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC grew its holdings in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after purchasing an additional 912,856 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP lifted its holdings in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MA shares. Truist Financial assumed coverage on Mastercard in a report on Monday. They set a "buy" rating and a $640.00 price target for the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Six equities research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Up 0.1%

MA traded up $0.63 during trading on Thursday, hitting $584.76. 1,479,651 shares of the company's stock were exchanged, compared to its average volume of 2,601,280. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The stock has a market cap of $533.13 billion, a P/E ratio of 42.10, a PEG ratio of 2.37 and a beta of 1.05. The business's 50 day moving average is $545.93 and its two-hundred day moving average is $540.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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 firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Company 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.