Mastercard Incorporated (NYSE:MA) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Mastercard Incorporated (NYSE:MA) by 25.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,840 shares of the credit services provider’s stock after selling 9,200 shares during the quarter. Mastercard comprises approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 22nd largest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mastercard were worth $14,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated 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 directly owns 84,871 shares of the company’s stock, valued at approximately $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 37,258 shares of company stock valued at $20,885,067 in the last three months. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Down 1.0%

NYSE MA opened at $584.39 on Tuesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s fifty day simple moving average is $548.23 and its 200-day simple moving average is $542.56. The firm has a market cap of $532.79 billion, a PE ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm 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 188.47% and a net margin of 45.71%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $3.31 EPS. As a group, equities analysts anticipate 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.