SSA Swiss Advisors AG Sells 620 Shares of Mastercard Incorporated $MA

Key Points

• SSA Swiss Advisors AG reduced its Mastercard holdings by 10.5%, selling 620 shares during the second quarter, leaving them with 5,260 shares valued at approximately $2.96 million.
• Mastercard's CFO J. Mehra Sachin sold 17,816 shares at an average price of $586.89, resulting in a 36.32% decrease in their position.
• Analysts have largely bullish outlooks on Mastercard, with recent ratings upgrades, including a "strong-buy" from Wells Fargo and Citigroup, indicating a target price of $638.00 and higher.

SSA Swiss Advisors AG cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,260 shares of the credit services provider's stock after selling 620 shares during the quarter. SSA Swiss Advisors AG's holdings in Mastercard were worth $2,959,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Accredited Investors Inc. boosted its stake in shares of Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. boosted its stake in shares of Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after acquiring an additional 18 shares during the period. KRS Capital Management LLC boosted its stake in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock worth $1,601,000 after acquiring an additional 18 shares during the period. Pinion Investment Advisors LLC boosted its stake in shares of Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock worth $1,276,000 after acquiring an additional 18 shares during the period. Finally, Nvest Financial LLC boosted its stake in shares of Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider's stock worth $846,000 after acquiring an additional 18 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of MA stock opened at $573.72 on Friday. The firm has a market capitalization of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average of $579.51 and a 200 day moving average of $565.40. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The business 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%.The company's revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Mastercard to a "strong-buy" rating in a research report on Wednesday. Citigroup raised Mastercard to a "strong-buy" rating in a research note on Thursday. Truist Financial set a $638.00 price objective on Mastercard in a research note on Friday. TD Cowen reissued a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $665.00 target price on shares of Mastercard in a research report on Wednesday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $638.96.

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.

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