J. Safra Sarasin Holding AG Has $109.18 Million Position in Mastercard Incorporated (NYSE:MA)

Key Points

• J. Safra Sarasin Holding AG acquired an additional 32,778 shares of Mastercard, increasing its holdings by 19.7%, bringing the total to 199,188 shares, valued at approximately $109.2 million.
• Mastercard reported $4.15 earnings per share for the last quarter, surpassing analysts' expectations of $4.05, and its revenue was $8.13 billion, exceeding the forecast of $7.95 billion.
• Mastercard announced a quarterly dividend of $0.76, to be paid on August 8th, reflecting a 0.5% yield and a payout ratio of 21.32%.

J. Safra Sarasin Holding AG grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,188 shares of the credit services provider's stock after acquiring an additional 32,778 shares during the quarter. Mastercard comprises 2.0% of J. Safra Sarasin Holding AG's holdings, making the stock its 8th largest position. J. Safra Sarasin Holding AG's holdings in Mastercard were worth $109,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the fourth quarter worth $31,000. Navigoe LLC acquired a new stake in Mastercard during the fourth quarter worth $33,000. 10Elms LLP acquired a new stake in Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard 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 completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $615.33.

Mastercard Stock Up 1.8%

Shares of NYSE MA traded up $9.84 during midday trading on Monday, reaching $569.73. 2,984,635 shares of the company's stock were exchanged, compared to its average volume of 2,593,600. Mastercard Incorporated has a 52-week low of $439.59 and a 52-week high of $594.71. The stock has a market capitalization of $519.43 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business's fifty day moving average price is $564.58 and its two-hundred day moving average price is $552.15.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 earnings per share. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

Mastercard 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.