B. Metzler seel. Sohn & Co. AG Has $128.09 Million Stock Position in Mastercard Incorporated $MA

B. Metzler seel. Sohn & Co. AG raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 233,689 shares of the credit services provider’s stock after acquiring an additional 5,068 shares during the period. Mastercard comprises approximately 1.3% of B. Metzler seel. Sohn & Co. AG’s holdings, making the stock its 20th biggest position. B. Metzler seel. Sohn & Co. AG’s holdings in Mastercard were worth $128,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. GAMMA Investing LLC grew its position in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP boosted its stake in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard in the 4th quarter valued at $561,313,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,269 shares of company stock worth $30,634,699. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Truist Financial cut their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. UBS Group increased their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $617.93.

Mastercard Stock Performance

Shares of MA stock opened at $592.88 on Wednesday. The firm has a market capitalization of $535.97 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The firm has a fifty day simple moving average of $565.00 and a two-hundred day simple moving average of $556.05. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s payout ratio is currently 20.50%.

Mastercard Company Profile

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.