RFG Advisory LLC Sells 929 Shares of Mastercard Incorporated (NYSE:MA)

RFG Advisory LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,873 shares of the credit services provider's stock after selling 929 shares during the quarter. RFG Advisory LLC's holdings in Mastercard were worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of MA stock traded up $2.37 during trading on Wednesday, hitting $584.34. The company had a trading volume of 1,530,155 shares, compared to its average volume of 2,603,741. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock's 50-day moving average is $545.06 and its two-hundred day moving average is $540.50. The stock has a market capitalization of $532.75 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on MA. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group boosted their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Truist Financial initiated coverage on Mastercard in a research note on Monday. They issued a "buy" rating and a $640.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is currently owned by company insiders.

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.