Winthrop Advisory Group LLC Decreases Holdings in Mastercard Incorporated (NYSE:MA)

Winthrop Advisory Group LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 28.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,970 shares of the credit services provider's stock after selling 770 shares during the period. Winthrop Advisory Group LLC's holdings in Mastercard were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new position in Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $33,000. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

Mastercard Stock Down 0.9%

Shares of Mastercard stock traded down $5.04 during trading hours on Monday, reaching $580.56. The company's stock had a trading volume of 2,089,082 shares, compared to its average volume of 2,607,903. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a market capitalization of $529.30 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The stock's fifty day simple moving average is $543.93 and its two-hundred day simple moving average is $539.80. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm earned $3.31 earnings per share. The firm's revenue was up 14.2% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price objective for the company. Finally, UBS Group increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Six 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $609.66.

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.