Cumberland Partners Ltd Reduces Position in Mastercard Incorporated (NYSE:MA)

Cumberland Partners Ltd lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,550 shares of the credit services provider’s stock after selling 2,495 shares during the period. Cumberland Partners Ltd’s holdings in Mastercard were worth $9,559,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Naples Global Advisors LLC boosted its holdings in shares of Mastercard by 109.2% in the third quarter. Naples Global Advisors LLC now owns 2,186 shares of the credit services provider’s stock valued at $865,000 after purchasing an additional 1,141 shares during the period. Capital Investment Advisors LLC raised its stake in Mastercard by 18.6% in the third quarter. Capital Investment Advisors LLC now owns 3,392 shares of the credit services provider’s stock worth $1,343,000 after buying an additional 531 shares in the last quarter. 1900 Wealth Management LLC raised its stake in Mastercard by 111.2% in the third quarter. 1900 Wealth Management LLC now owns 1,451 shares of the credit services provider’s stock worth $574,000 after buying an additional 764 shares in the last quarter. Park Place Capital Corp raised its stake in Mastercard by 9.3% in the third quarter. Park Place Capital Corp now owns 3,114 shares of the credit services provider’s stock worth $1,233,000 after buying an additional 264 shares in the last quarter. Finally, Founders Financial Securities LLC raised its stake in Mastercard by 2.9% in the third quarter. Founders Financial Securities LLC now owns 2,919 shares of the credit services provider’s stock worth $1,156,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the transaction, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold a total of 257,630 shares of company stock valued at $118,303,470 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA traded up $5.87 during mid-day trading on Tuesday, hitting $462.62. The company’s stock had a trading volume of 2,027,850 shares, compared to its average volume of 2,400,298. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $431.57 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 1.73 and a beta of 1.08. The business’s fifty day moving average is $471.71 and its two-hundred day moving average is $435.26.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the company earned $2.65 earnings per share. Analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada boosted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.23.

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.