Mastercard Incorporated (NYSE:MA) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,640 shares of the credit services provider's stock after selling 788 shares during the period. Mastercard comprises approximately 0.9% of Sentry Investment Management LLC's holdings, making the stock its 18th largest position. Sentry Investment Management LLC's holdings in Mastercard were worth $1,447,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Mastercard during the 4th quarter valued at approximately $83,644,000. McAdam LLC raised its position in shares of Mastercard by 25.6% during the fourth quarter. McAdam LLC now owns 1,474 shares of the credit services provider's stock valued at $776,000 after buying an additional 300 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Mastercard by 106.8% during the fourth quarter. Valley National Advisers Inc. now owns 395 shares of the credit services provider's stock valued at $207,000 after buying an additional 204 shares during the last quarter. Finally, CCG Wealth Management LLC bought a new position in shares of Mastercard during the fourth quarter worth $210,000. Institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now 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. Over the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Truist Financial initiated coverage on Mastercard in a report on Monday. They set a "buy" rating and a $640.00 price target for the company. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Up 0.4%

MA traded up $2.37 during trading on Wednesday, hitting $584.34. The stock had a trading volume of 1,530,155 shares, compared to its average volume of 2,603,741. The company has a market capitalization of $532.75 billion, a PE ratio of 42.07, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45. 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 stock has a 50 day simple moving average of $545.06 and a two-hundred day simple moving average of $540.50.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $3.31 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share 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.