Central Bank & Trust Co. Has $7.96 Million Stake in Mastercard Incorporated (NYSE:MA)

Central Bank & Trust Co. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,530 shares of the credit services provider’s stock after selling 232 shares during the period. Mastercard comprises approximately 1.3% of Central Bank & Trust Co.’s investment portfolio, making the stock its 21st biggest position. Central Bank & Trust Co.’s holdings in Mastercard were worth $7,964,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Finally, Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction 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 transaction, the insider now owns 34,524 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock worth $20,885,067 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $590.03 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $591.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s 50 day simple moving average is $547.49 and its 200 day simple moving average is $541.93. The company has a market cap of $537.94 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. The business had revenue of $7.25 billion for 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 revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.31 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current 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.