Mn Services Vermogensbeheer B.V. Has $168.71 Million Stake in Mastercard Incorporated (NYSE:MA)

Mn Services Vermogensbeheer B.V. decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 307,792 shares of the credit services provider's stock after selling 23,000 shares during the quarter. Mastercard accounts for about 1.3% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 12th largest position. Mn Services Vermogensbeheer B.V.'s holdings in Mastercard were worth $168,707,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Morton Capital Management LLC CA grew its position in Mastercard by 5.7% in the first quarter. Morton Capital Management LLC CA now owns 820 shares of the credit services provider's stock worth $449,000 after buying an additional 44 shares during the last quarter. Tuttle Capital Management LLC grew its position in Mastercard by 26.1% in the first quarter. Tuttle Capital Management LLC now owns 1,020 shares of the credit services provider's stock worth $559,000 after buying an additional 211 shares during the last quarter. Fortis Advisors LLC grew its position in Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the last quarter. Optas LLC grew its position in Mastercard by 1.6% in the first quarter. Optas LLC now owns 6,072 shares of the credit services provider's stock worth $3,328,000 after buying an additional 95 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its stake in Mastercard by 11.7% in the 1st quarter. D Orazio & Associates Inc. now owns 1,598 shares of the credit services provider's stock worth $876,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MA shares. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Citigroup lifted their price objective 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. Finally, UBS Group lifted 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, June 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Down 4.7%

NYSE:MA traded down $27.78 during trading hours on Friday, reaching $561.50. The company's stock had a trading volume of 5,902,461 shares, compared to its average volume of 2,616,055. The company has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth 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 business's 50-day moving average is $555.17 and its 200-day moving average is $543.96. 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 (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, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,686 shares of company stock worth $26,430,428. Corporate insiders own 0.09% of the company's stock.

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.