Principal Street Partners LLC Sells 1,123 Shares of Mastercard Incorporated (NYSE:MA)

Principal Street Partners LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,478 shares of the credit services provider’s stock after selling 1,123 shares during the quarter. Principal Street Partners LLC’s holdings in Mastercard were worth $1,305,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MA. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter worth $6,022,224,000. Raymond James Financial Inc. purchased a new position in Mastercard in the fourth quarter valued at about $837,017,000. Proficio Capital Partners LLC raised its holdings in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Northern Trust Corp lifted its position in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Mastercard in the 4th quarter valued at about $617,303,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MA shares. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction 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 $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at approximately $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 quarter, insiders sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.3%

NYSE:MA opened at $585.29 on Tuesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. 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 stock’s fifty day moving average is $536.88 and its two-hundred day moving average is $536.43. The stock has a market capitalization of $533.61 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during 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%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business posted $3.31 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS 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.