Mastercard Incorporated (NYSE:MA) is Hemenway Trust Co LLC's 2nd Largest Position

Hemenway Trust Co LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 101,380 shares of the credit services provider's stock after purchasing an additional 1,397 shares during the period. Mastercard comprises 4.5% of Hemenway Trust Co LLC's holdings, making the stock its 2nd biggest position. Hemenway Trust Co LLC's holdings in Mastercard were worth $55,569,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MA. Norges Bank bought a new position in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. GAMMA Investing LLC raised its stake in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mastercard during the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,513 shares of company stock worth $23,166,463. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $569.56 on Wednesday. The company has a market capitalization of $519.27 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company's fifty day moving average price is $558.05 and its 200 day moving average price is $544.46. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued 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. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share 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.

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