Mastercard Incorporated (NYSE:MA) Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 71.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009 shares of the credit services provider's stock after selling 2,537 shares during the quarter. Catalina Capital Group LLC's holdings in Mastercard were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Mastercard in the fourth quarter valued at $6,022,224,000. GAMMA Investing LLC lifted its stake in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mastercard in the fourth quarter valued at $837,017,000. Proficio Capital Partners LLC lifted its stake in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 5.4%

Shares of MA opened at $538.45 on Thursday. The business's 50-day moving average price is $558.50 and its 200 day moving average price is $544.42. The stock has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. 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 issued its quarterly earnings results 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 firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $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 have sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp lifted their price objective 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. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Evercore ISI began 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 on the stock. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

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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