General Partner Inc. Has $5.54 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

General Partner Inc. lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,103 shares of the credit services provider's stock after selling 1,250 shares during the quarter. Mastercard comprises approximately 3.6% of General Partner Inc.'s investment portfolio, making the stock its 5th biggest holding. General Partner Inc.'s holdings in Mastercard were worth $5,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Cadinha & Co. LLC lifted its stake in Mastercard by 2.7% in the first quarter. Cadinha & Co. LLC now owns 1,911 shares of the credit services provider's stock valued at $1,047,000 after buying an additional 50 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Mastercard by 84.7% in the first quarter. Versant Capital Management Inc now owns 2,286 shares of the credit services provider's stock worth $1,253,000 after purchasing an additional 1,048 shares in the last quarter. Adirondack Trust Co. lifted its position in shares of Mastercard by 8.0% in the first quarter. Adirondack Trust Co. now owns 718 shares of the credit services provider's stock worth $394,000 after purchasing an additional 53 shares in the last quarter. Park National Corp OH lifted its position in shares of Mastercard by 17.0% in the first quarter. Park National Corp OH now owns 1,052 shares of the credit services provider's stock worth $577,000 after purchasing an additional 153 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its position in Mastercard by 10.3% during the first quarter. Kera Capital Partners Inc. now owns 450 shares of the credit services provider's stock worth $247,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 0.6%

Shares of NYSE:MA traded down $3.26 during mid-day trading on Tuesday, hitting $577.96. The company had a trading volume of 927,549 shares, compared to its average volume of 2,601,605. The firm has a fifty day moving average price of $544.56 and a 200 day moving average price of $540.21. The company has a market capitalization of $526.93 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 net margin of 45.71% and a return on equity of 188.47%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price objective for the company. UBS Group upped their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the 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 completion of the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last three months. 0.10% of the stock is currently owned by insiders.

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.