Norman Fields Gottscho Capital Management LLC Sells 500 Shares of Mastercard Incorporated (NYSE:MA)

Norman Fields Gottscho Capital Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,335 shares of the credit services provider's stock after selling 500 shares during the period. Mastercard comprises about 3.2% of Norman Fields Gottscho Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Norman Fields Gottscho Capital Management LLC's holdings in Mastercard were worth $9,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC boosted its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC boosted its position in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares during the period. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in shares of Mastercard by 9.1% during 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 buying an additional 817,836 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MA shares. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Jefferies Financial Group upped their target price on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a report on Tuesday. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. UBS Group increased their price target on Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $608.57.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA traded up $5.49 during trading hours on Friday, reaching $583.27. 4,581,021 shares of the stock were exchanged, compared to its average volume of 2,615,375. The firm has a market capitalization of $531.77 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06. 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 Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The stock's fifty day simple moving average is $543.93 and its 200 day simple moving average is $539.54.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Company 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.