Mastercard Incorporated (NYSE:MA) Shares Sold by New Hampshire Trust

New Hampshire Trust decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,166 shares of the credit services provider's stock after selling 597 shares during the period. New Hampshire Trust's holdings in Mastercard were worth $2,832,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC grew its holdings in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its position in Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank purchased a new stake in Mastercard in the 4th quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP lifted its stake in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday. They issued a "buy" rating and a $640.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Evercore ISI began coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Finally, DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research report on Tuesday, February 4th. Six 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $610.00.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Up 0.2%

Mastercard stock traded up $1.05 during trading hours on Tuesday, reaching $582.27. The stock had a trading volume of 2,116,105 shares, compared to its average volume of 2,606,107. The company has a market cap of $530.86 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 2.37 and a beta of 1.06. The business's 50 day moving average price is $544.56 and its 200-day moving average price is $540.21. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. 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 posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 EPS. Mastercard's revenue was up 14.2% on a year-over-year basis. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current 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.