Mastercard Incorporated (NYSE:MA) Shares Sold by Bright Rock Capital Management LLC

Bright Rock Capital Management LLC lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 25.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,000 shares of the credit services provider's stock after selling 10,000 shares during the period. Mastercard makes up 3.5% of Bright Rock Capital Management LLC's holdings, making the stock its 3rd largest position. Bright Rock Capital Management LLC's holdings in Mastercard were worth $16,444,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard during the 4th quarter valued at $83,644,000. Capital Advisors Inc. OK increased its position in Mastercard by 12.3% in the 4th quarter. Capital Advisors Inc. OK now owns 1,400 shares of the credit services provider's stock worth $737,000 after purchasing an additional 153 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Mastercard by 10.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,894 shares of the credit services provider's stock valued at $997,000 after acquiring an additional 177 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Mastercard by 3.8% in the 4th quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider's stock valued at $97,246,000 after purchasing an additional 6,781 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 4.7%

MA traded down $27.78 during midday trading on Friday, reaching $561.50. 5,902,461 shares of the company were exchanged, compared to its average volume of 2,614,345. The stock has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The stock's 50-day simple moving average is $553.50 and its 200 day simple moving average is $543.65. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

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, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.31 EPS. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on MA shares. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Seven 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

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.