Sarasin & Partners LLP Sells 39,732 Shares of Mastercard Incorporated (NYSE:MA)

Sarasin & Partners LLP decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 831,942 shares of the credit services provider's stock after selling 39,732 shares during the quarter. Mastercard comprises 4.5% of Sarasin & Partners LLP's holdings, making the stock its 6th largest holding. Sarasin & Partners LLP owned approximately 0.09% of Mastercard worth $456,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. NBC Securities Inc. grew its stake in Mastercard by 110,242.9% during the 1st quarter. NBC Securities Inc. now owns 7,724 shares of the credit services provider's stock worth $4,233,000 after purchasing an additional 7,717 shares in the last quarter. Enterprise Bank & Trust Co boosted its position in shares of Mastercard by 0.6% during the 1st quarter. Enterprise Bank & Trust Co now owns 6,929 shares of the credit services provider's stock worth $3,798,000 after acquiring an additional 42 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of Mastercard by 1.1% during the 1st quarter. Fiduciary Alliance LLC now owns 7,646 shares of the credit services provider's stock worth $4,191,000 after acquiring an additional 81 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Mastercard by 13.1% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 1,528 shares of the credit services provider's stock worth $838,000 after acquiring an additional 177 shares in the last quarter. Finally, American National Bank & Trust boosted its position in shares of Mastercard by 15.2% during the 1st quarter. American National Bank & Trust now owns 3,345 shares of the credit services provider's stock worth $1,833,000 after acquiring an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA traded up $1.77 on Thursday, reaching $585.90. The stock had a trading volume of 557,030 shares, compared to its average volume of 2,597,750. The firm has a market capitalization of $534.17 billion, a PE ratio of 42.18, a PEG ratio of 2.37 and a beta of 1.05. 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 firm has a 50-day moving average of $545.93 and a 200 day moving average of $540.81. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) 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 firm had revenue of $7.25 billion for 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MA shares. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Jefferies Financial Group upped their price objective on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Truist Financial initiated coverage on Mastercard in a research report on Monday. They issued a "buy" rating and a $640.00 target price for the company. Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.09% of the stock is owned by insiders.

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.