Stock Yards Bank & Trust Co. Has $6.89 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Stock Yards Bank & Trust Co. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 12.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,562 shares of the credit services provider’s stock after selling 1,709 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mastercard were worth $6,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in 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 buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Mastercard in the fourth quarter valued at about $83,644,000. Van ECK Associates Corp grew its stake in Mastercard by 3.8% in the fourth quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider’s stock valued at $97,246,000 after purchasing an additional 6,781 shares in the last quarter. Naples Global Advisors LLC grew its stake in Mastercard by 1.1% in the fourth quarter. Naples Global Advisors LLC now owns 2,019 shares of the credit services provider’s stock valued at $1,063,000 after purchasing an additional 21 shares in the last quarter. Finally, Buckhead Capital Management LLC grew its stake in Mastercard by 0.6% in the fourth quarter. Buckhead Capital Management LLC now owns 3,140 shares of the credit services provider’s stock valued at $1,653,000 after purchasing an additional 20 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,686 shares of company stock worth $26,430,428. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 4.7%

Shares of MA opened at $561.50 on Friday. The stock has a market cap of $511.92 billion, a PE ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a 50 day simple moving average of $555.17 and a 200-day simple moving average of $543.88. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released 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 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%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.31 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MA shares. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

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.