J.Safra Asset Management Corp Acquires New Holdings in Mastercard Incorporated $MA

J.Safra Asset Management Corp bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,264 shares of the credit services provider’s stock, valued at approximately $1,163,000.

Several other large investors also recently made changes to their positions in MA. Titiun Yejiel bought a new stake in shares of Mastercard during the second quarter valued at approximately $3,767,000. S&CO Inc. bought a new position in Mastercard in the 2nd quarter worth approximately $11,483,000. Belpointe Asset Management LLC increased its position in Mastercard by 3.2% in the 2nd quarter. Belpointe Asset Management LLC now owns 6,759 shares of the credit services provider’s stock valued at $3,472,000 after acquiring an additional 207 shares during the period. Fortis Capital Advisors LLC increased its position in Mastercard by 2.5% in the 2nd quarter. Fortis Capital Advisors LLC now owns 2,089 shares of the credit services provider’s stock valued at $1,073,000 after acquiring an additional 51 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its stake in Mastercard by 4.9% during the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,072 shares of the credit services provider’s stock valued at $551,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MA shares. TD Cowen increased their price target on Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Cantor Fitzgerald lifted their price objective on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Robert W. Baird upped their price objective on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Truist Financial increased their target price on shares of Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $664.71.

Mastercard Trading Down 0.2%

Shares of Mastercard stock opened at $598.69 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market cap of $524.46 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The business has a fifty day simple moving average of $542.94 and a 200-day simple moving average of $518.46. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.62.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the previous year, the company earned $4.15 earnings per share. Mastercard’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.14%.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares in the company, valued at $8,625,225. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 7,444 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is owned by insiders.

Mastercard Company 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.