Mastercard Incorporated (NYSE:MA) Shares Sold by Unigestion Holding SA

Unigestion Holding SA reduced its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,210 shares of the credit services provider's stock after selling 2,084 shares during the period. Mastercard makes up 3.4% of Unigestion Holding SA's holdings, making the stock its 3rd biggest position. Unigestion Holding SA's holdings in Mastercard were worth $58,736,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company's stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction 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 $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 valued at $12,664,529. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.1%

Mastercard stock traded up $0.63 during midday trading on Thursday, reaching $584.76. The company's stock had a trading volume of 1,478,945 shares, compared to its average volume of 2,601,276. The company has a market cap of $533.13 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05. 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 business has a 50-day simple moving average of $545.93 and a 200-day simple moving average of $540.81. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The business 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 business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.31 EPS. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group lifted their target price on shares of Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Truist Financial began coverage on Mastercard in a research note on Monday. They set a "buy" rating and a $640.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

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.