Sather Financial Group Inc Has $53.88 Million Holdings in Mastercard Incorporated $MA

Sather Financial Group Inc lessened its stake in Mastercard Incorporated (NYSE:MA) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,888 shares of the credit services provider’s stock after selling 142 shares during the quarter. Mastercard accounts for about 3.2% of Sather Financial Group Inc’s investment portfolio, making the stock its 13th biggest holding. Sather Financial Group Inc’s holdings in Mastercard were worth $53,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD grew its stake in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $556.80 on Friday. The business has a fifty day simple moving average of $581.01 and a two-hundred day simple moving average of $562.86. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 2.28 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.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Upgrades and Downgrades

MA has been the subject of several research reports. KeyCorp raised their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird increased their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $634.04.

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.