Baxter Bros Inc. Sells 793 Shares of Mastercard Incorporated (NYSE:MA)

Baxter Bros Inc. reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,233 shares of the credit services provider's stock after selling 793 shares during the period. Mastercard comprises approximately 2.4% of Baxter Bros Inc.'s holdings, making the stock its 12th largest holding. Baxter Bros Inc.'s holdings in Mastercard were worth $18,216,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its holdings in Mastercard by 5.9% in the first quarter. Harbor Investment Advisory LLC now owns 27,513 shares of the credit services provider's stock worth $15,080,000 after acquiring an additional 1,532 shares during the last quarter. Milestone Asset Management LLC raised its position in shares of Mastercard by 519.3% during the 1st quarter. Milestone Asset Management LLC now owns 5,351 shares of the credit services provider's stock worth $2,933,000 after purchasing an additional 4,487 shares during the period. LVW Advisors LLC lifted its holdings in shares of Mastercard by 2.9% in the 1st quarter. LVW Advisors LLC now owns 7,124 shares of the credit services provider's stock worth $3,905,000 after purchasing an additional 199 shares during the last quarter. NBC Securities Inc. boosted its position in Mastercard by 110,242.9% during the 1st quarter. NBC Securities Inc. now owns 7,724 shares of the credit services provider's stock valued at $4,233,000 after purchasing an additional 7,717 shares during the period. Finally, Enterprise Bank & Trust Co grew its stake in Mastercard by 0.6% during the 1st quarter. Enterprise Bank & Trust Co now owns 6,929 shares of the credit services provider's stock worth $3,798,000 after buying an additional 42 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of NYSE:MA traded up $4.59 on Friday, reaching $590.03. 1,528,611 shares of the company traded hands, compared to its average volume of 2,601,627. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $537.94 billion, a PE ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. The company's 50 day moving average is $547.49 and its 200-day moving average is $541.73. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $590.92.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate 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 return on equity of 188.47% and a net margin of 45.71%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 earnings per share. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday. They issued a "buy" rating and a $640.00 price objective on the stock. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Finally, KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.