Sather Financial Group Inc Has $49.53 Million Stock Position in Mastercard Incorporated $MA

Sather Financial Group Inc boosted its holdings in Mastercard Incorporated (NYSE:MA) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,122 shares of the credit services provider’s stock after purchasing an additional 3,200 shares during the quarter. Mastercard comprises 3.0% of Sather Financial Group Inc’s holdings, making the stock its 12th largest holding. Sather Financial Group Inc’s holdings in Mastercard were worth $49,527,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its stake in Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares in the last quarter. J. Stern & Co. LLP increased its stake in Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares in the last quarter. State Street Corp increased its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after purchasing an additional 349,369 shares during the period. Finally, Capital International Investors raised its holdings in shares of Mastercard by 4.4% during the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares of the company’s stock, valued at approximately $8,702,934.17. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MA. Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler started coverage on Mastercard in a report on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target on the stock. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Finally, BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a report on Thursday, March 19th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $654.31.

Mastercard Stock Up 0.8%

Shares of Mastercard stock traded up $4.28 during trading hours on Tuesday, reaching $537.38. The company’s stock had a trading volume of 1,477,624 shares, compared to its average volume of 3,858,219. The company has a market capitalization of $474.82 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.68 and a beta of 0.73. The stock’s fifty day simple moving average is $497.92 and its two-hundred day simple moving average is $518.61. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the firm posted $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is 20.14%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.