Mastercard Incorporated (NYSE:MA) Holdings Decreased by Puzo Michael J

Puzo Michael J reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% in the first quarter, HoldingsChannel reports. The fund owned 29,495 shares of the credit services provider’s stock after selling 1,163 shares during the period. Mastercard accounts for 4.6% of Puzo Michael J’s portfolio, making the stock its 2nd biggest holding. Puzo Michael J’s holdings in Mastercard were worth $16,167,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MA. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Mastercard in the 4th quarter worth $83,644,000. Bank Pictet & Cie Europe AG raised its stake in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after purchasing an additional 7,452 shares during the last quarter. NTV Asset Management LLC lifted its holdings in shares of Mastercard by 4.6% during the fourth quarter. NTV Asset Management LLC now owns 1,164 shares of the credit services provider’s stock valued at $613,000 after purchasing an additional 51 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Mastercard by 2.2% during the fourth quarter. Venturi Wealth Management LLC now owns 5,585 shares of the credit services provider’s stock valued at $2,941,000 after buying an additional 122 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business’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 completion of the transaction, the insider now 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 filing with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value 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 $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock valued at $23,166,463 in the last three months. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. KeyCorp increased their price objective 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. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Price Performance

Shares of MA stock opened at $569.56 on Wednesday. The stock has a 50 day moving average price of $558.05 and a 200 day moving average price of $544.46. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $519.27 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA) last released 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 during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.31 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share 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.