Mastercard Incorporated (NYSE:MA) is Hemenway Trust Co LLC’s 2nd Largest Position

Hemenway Trust Co LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,380 shares of the credit services provider’s stock after purchasing an additional 1,397 shares during the quarter. Mastercard makes up approximately 4.5% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 2nd largest position. Hemenway Trust Co LLC’s holdings in Mastercard were worth $55,569,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MA. Vanguard Group Inc. raised its holdings in Mastercard by 0.5% in 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 acquiring an additional 377,302 shares during the last quarter. FMR LLC raised its holdings in Mastercard by 4.3% in 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 acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mastercard by 1.5% in 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 acquiring an additional 282,739 shares during the last quarter. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in Mastercard by 9.1% in 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 acquiring an additional 817,836 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. Macquarie cut their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Seven 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’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 transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock valued at $23,166,463 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $569.56 on Wednesday. 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 stock has a market capitalization of $519.27 billion, a P/E ratio of 39.94, a PEG ratio of 2.48 and a beta of 1.05. The company has a 50 day moving average price of $558.05 and a 200 day moving average price of $544.46. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the company posted $3.31 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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.