Plancorp LLC Sells 33 Shares of Mastercard Incorporated (NYSE:MA)

Plancorp LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,661 shares of the credit services provider’s stock after selling 33 shares during the period. Plancorp LLC’s holdings in Mastercard were worth $1,174,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Gilbert & Cook Inc. lifted its stake in shares of Mastercard by 8.3% during the 4th quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after buying an additional 241 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings in shares of Mastercard by 8.8% in the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after buying an additional 116 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in Mastercard by 7.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after acquiring an additional 571 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Mastercard by 114.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock valued at $1,486,000 after buying an additional 1,860 shares during the last quarter. Finally, Sachetta LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $84,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. TD Cowen boosted their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Susquehanna raised their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $510.88.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold 720,467 shares of company stock valued at $331,875,955 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $497.74 on Tuesday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $498.32. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $462.71 billion, a PE ratio of 39.57, a P/E/G ratio of 1.92 and a beta of 1.10. The business has a 50-day simple moving average of $461.70 and a two-hundred day simple moving average of $460.35.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, equities analysts expect that Mastercard Incorporated will post 14.29 EPS for the current fiscal 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.