Mastercard Incorporated $MA Stake Increased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,143 shares of the credit services provider’s stock after acquiring an additional 3,097 shares during the quarter. Mastercard comprises approximately 1.8% of J. Safra Sarasin Holding AG’s portfolio, making the stock its 8th biggest holding. J. Safra Sarasin Holding AG’s holdings in Mastercard were worth $112,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in shares of Mastercard in the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in Mastercard during the second quarter worth about $29,000. IMG Wealth Management Inc. acquired a new position in Mastercard during the second quarter worth about $31,000. Robbins Farley increased its holdings in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Mastercard by 45.2% during the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Up 0.4%

Shares of NYSE:MA opened at $526.89 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $473.15 billion, a P/E ratio of 33.69, a P/E/G ratio of 1.78 and a beta of 0.86. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock’s fifty day simple moving average is $554.61 and its 200-day simple moving average is $565.09.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.89 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be given a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is presently 22.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MA shares. Cantor Fitzgerald started coverage on Mastercard in a report on Monday. They issued an “overweight” rating and a $650.00 price target on the stock. Macquarie upped their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Evercore ISI set a $610.00 price target on Mastercard in a research report on Friday, December 12th. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $660.81.

Read Our Latest Report on MA

Mastercard Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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