Mastercard Incorporated (NYSE:MA) Stock Holdings Decreased by Puzo Michael J

Puzo Michael J reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,495 shares of the credit services provider's stock after selling 1,163 shares during the period. Mastercard makes up about 4.6% of Puzo Michael J's investment portfolio, making the stock its 2nd biggest position. Puzo Michael J's holdings in Mastercard were worth $16,167,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pegasus Asset Management Inc. grew its position in shares of Mastercard by 0.6% during the first quarter. Pegasus Asset Management Inc. now owns 17,220 shares of the credit services provider's stock worth $9,439,000 after purchasing an additional 108 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Mastercard by 2.2% during the first quarter. Cornerstone Wealth Management LLC now owns 4,533 shares of the credit services provider's stock worth $2,485,000 after acquiring an additional 99 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in Mastercard by 5.3% in the 1st quarter. Shepherd Financial Partners LLC now owns 3,777 shares of the credit services provider's stock valued at $2,070,000 after acquiring an additional 189 shares during the last quarter. Clarius Group LLC lifted its stake in Mastercard by 15.2% in the 1st quarter. Clarius Group LLC now owns 8,829 shares of the credit services provider's stock worth $4,839,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Hemenway Trust Co LLC grew its holdings in Mastercard by 1.4% during the 1st quarter. Hemenway Trust Co LLC now owns 101,380 shares of the credit services provider's stock valued at $55,569,000 after buying an additional 1,397 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Truist Financial assumed coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Seven 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 company. According to data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 in the last 90 days. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $31.00 on Thursday, hitting $538.45. The company's stock had a trading volume of 6,961,693 shares, compared to its average volume of 2,634,932. The firm has a fifty day moving average price of $558.50 and a 200-day moving average price of $544.42. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market capitalization of $490.91 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

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. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 EPS. As a group, sell-side 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.