Mastercard Incorporated (NYSE:MA) Shares Sold by Broderick Brian C

Broderick Brian C reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,861 shares of the credit services provider's stock after selling 730 shares during the period. Mastercard makes up about 4.3% of Broderick Brian C's investment portfolio, making the stock its 4th largest position. Broderick Brian C's holdings in Mastercard were worth $21,300,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. 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 90 days. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on MA shares. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Macquarie reduced their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Trading Down 5.4%

Shares of MA stock traded down $31.00 during trading hours on Thursday, reaching $538.45. 6,961,693 shares of the stock were exchanged, compared to its average volume of 2,634,932. The firm has a market capitalization of $490.91 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company's 50-day moving average price is $558.50 and its 200-day moving average price is $544.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

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