Mastercard Incorporated (NYSE:MA) Shares Sold by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,784 shares of the credit services provider’s stock after selling 39 shares during the quarter. Mastercard accounts for 0.2% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Northwest Quadrant Wealth Management LLC’s holdings in Mastercard were worth $939,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% during 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 purchasing an additional 377,302 shares during the period. FMR LLC increased its position in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC increased its position in shares of Mastercard by 1.5% during the 4th 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 purchasing an additional 282,739 shares during the period. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its position in shares of Mastercard by 9.1% during the 4th 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. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MA shares. Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given 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 $606.25.

Mastercard Trading Down 0.3%

Mastercard stock opened at $576.46 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $533.09 and its 200-day simple moving average is $534.18. The firm has a market capitalization of $525.56 billion, a PE ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.86.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

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.