Vest Financial LLC Has $15.03 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Vest Financial LLC cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 58.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,429 shares of the credit services provider's stock after selling 39,283 shares during the period. Vest Financial LLC's holdings in Mastercard were worth $15,034,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MA. Whalerock Point Partners LLC raised its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the period. Dock Street Asset Management Inc. raised its stake in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after purchasing an additional 1,194 shares during the period. Avestar Capital LLC raised its stake in shares of Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares during the period. Finally, Baldwin Investment Management LLC raised its stake in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after purchasing an additional 93 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock worth $20,885,067 over the last 90 days. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Price Performance

MA stock traded down $5.73 on Monday, hitting $584.39. 1,935,931 shares of the company's stock traded hands, compared to its average volume of 2,602,713. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $595.38. The stock has a market cap of $532.79 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05. The stock has a fifty day moving average of $548.23 and a 200-day moving average of $542.56. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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.