Sarasin & Partners LLP Has $416.46 Million Stake in Mastercard Incorporated (NYSE:MA)

Sarasin & Partners LLP decreased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 759,791 shares of the credit services provider's stock after selling 111,883 shares during the period. Mastercard accounts for 4.4% of Sarasin & Partners LLP's investment portfolio, making the stock its 4th biggest position. Sarasin & Partners LLP owned approximately 0.08% of Mastercard worth $416,457,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $30,000. Finally, 10Elms LLP acquired a new stake in shares of Mastercard during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MA shares. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company's stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of the company'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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock valued at $20,885,067 over the last three months. 0.09% of the stock is owned by insiders.

Mastercard Stock Up 0.2%

Shares of NYSE:MA traded up $1.24 during trading on Wednesday, hitting $590.78. The company's stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.67. The stock's 50-day moving average price is $549.42 and its two-hundred day moving average price is $542.89. The company has a market capitalization of $538.62 billion, a PE ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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.