Mastercard Incorporated (NYSE:MA) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 759,791 shares of the credit services provider’s stock after selling 111,883 shares during the quarter. Mastercard comprises about 4.4% of Sarasin & Partners LLP’s investment portfolio, making the stock its 4th biggest position. Sarasin & Partners LLP’s holdings in Mastercard were worth $416,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $32,000. Finally, Navigoe LLC acquired a new position in Mastercard during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 1.0%

NYSE MA opened at $584.39 on Tuesday. The stock has a market capitalization of $532.79 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $548.23 and a 200-day moving average of $542.56.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now owns 58,451 shares of the company’s stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock worth $20,885,067 in the last three months. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MA shares. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $610.00.

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.