WD Rutherford LLC Sells 146 Shares of Mastercard Incorporated (NYSE:MA)

WD Rutherford LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,704 shares of the credit services provider’s stock after selling 146 shares during the period. Mastercard comprises about 2.4% of WD Rutherford LLC’s investment portfolio, making the stock its 13th biggest position. WD Rutherford LLC’s holdings in Mastercard were worth $4,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC bought a new stake in Mastercard in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target on the stock. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Seven investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Price Performance

Shares of MA opened at $568.52 on Tuesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm’s 50-day simple moving average is $556.98 and its two-hundred day simple moving average is $544.29. The stock has a market cap of $518.32 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. 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) last issued its quarterly earnings results 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 firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 EPS. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,645 shares of company stock valued at $26,979,801. 0.09% of the stock is currently owned by corporate insiders.

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.