Mastercard Incorporated (NYSE:MA) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,679 shares of the credit services provider's stock after selling 2,387 shares during the quarter. Mastercard comprises about 1.6% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 15th biggest position. Sanibel Captiva Trust Company Inc.'s holdings in Mastercard were worth $48,607,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,258 shares of company stock worth $20,885,067. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Performance

MA stock traded up $1.24 during midday trading on Wednesday, reaching $590.78. The stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. The stock has a market cap of $538.62 billion, a PE ratio of 42.53, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day simple moving average of $549.42 and a two-hundred day simple moving average of $542.89. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.67.

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, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

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.