Stock Yards Bank & Trust Co. Has $6.89 Million Stake in Mastercard Incorporated (NYSE:MA)

Stock Yards Bank & Trust Co. lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,562 shares of the credit services provider's stock after selling 1,709 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Mastercard were worth $6,885,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MA. NewSquare Capital LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC bought a new stake in Mastercard in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard in the fourth quarter valued at about $32,000. Finally, Navigoe LLC bought a new stake in Mastercard in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,686 shares of company stock valued at $26,430,428. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Stock Down 4.7%

Shares of NYSE:MA traded down $27.78 during mid-day trading on Friday, reaching $561.50. 5,902,461 shares of the stock were exchanged, compared to its average volume of 2,616,055. 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 company has a market cap of $511.92 billion, a P/E ratio of 40.42, a P/E/G 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 stock's 50 day simple moving average is $555.17 and its 200-day simple moving average is $543.96.

Mastercard (NYSE:MA - Get Free Report) last posted 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 business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $3.31 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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.