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

Chicago Capital LLC lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,554 shares of the credit services provider's stock after selling 13,815 shares during the period. Mastercard comprises 1.7% of Chicago Capital LLC's portfolio, making the stock its 23rd largest holding. Chicago Capital LLC's holdings in Mastercard were worth $60,597,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MA. Smith Shellnut Wilson LLC ADV boosted its stake in Mastercard by 6.0% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 492 shares of the credit services provider's stock worth $270,000 after buying an additional 28 shares during the last quarter. Vista Investment Partners LLC lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Vista Investment Partners LLC now owns 11,764 shares of the credit services provider's stock worth $6,448,000 after acquiring an additional 41 shares during the period. AA Financial Advisors LLC lifted its holdings in shares of Mastercard by 3.5% during the 1st quarter. AA Financial Advisors LLC now owns 825 shares of the credit services provider's stock worth $452,000 after acquiring an additional 28 shares during the period. Inscription Capital LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $366,000. Finally, Blackston Financial Advisory Group LLC grew its holdings in Mastercard by 19.7% in the first quarter. Blackston Financial Advisory Group LLC now owns 639 shares of the credit services provider's stock valued at $350,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Down 5.4%

Shares of MA stock traded down $31.00 during mid-day trading on Thursday, reaching $538.45. 6,961,693 shares of the company were exchanged, compared to its average volume of 2,634,932. 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 business's 50 day simple moving average is $558.50 and its 200 day simple moving average is $544.42. The company 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 fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider now owns 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock worth $23,166,463 over the last 90 days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MA shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven equities 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

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.