Missouri Trust & Investment Co Has $1.82 Million Stake in Mastercard Incorporated (NYSE:MA)

Missouri Trust & Investment Co reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,320 shares of the credit services provider's stock after selling 520 shares during the quarter. Missouri Trust & Investment Co's holdings in Mastercard were worth $1,820,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. Whalerock Point Partners LLC grew its holdings in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after acquiring an additional 1,194 shares during the period. Baldwin Investment Management LLC grew its stake in shares of Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after acquiring an additional 93 shares during the last quarter. Norges Bank bought a new position in Mastercard during the fourth quarter worth $6,022,224,000. Finally, Landing Point Financial Group LLC acquired a new position in Mastercard during the 4th quarter valued at $981,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,513 shares of company stock worth $23,166,463. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of MA traded down $32.32 on Wednesday, hitting $537.14. The company's stock had a trading volume of 4,452,578 shares, compared to its average volume of 2,626,267. The company has a market capitalization of $489.71 billion, a PE ratio of 37.71, a PEG 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. The company has a 50 day moving average price of $558.05 and a 200 day moving average price of $544.46. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during 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%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

About Mastercard

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.