Rockefeller Capital Management L.P. Reduces Stock Position in Mastercard Incorporated (NYSE:MA)

Rockefeller Capital Management L.P. trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,401 shares of the credit services provider’s stock after selling 4,010 shares during the period. Rockefeller Capital Management L.P.’s holdings in Mastercard were worth $81,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. FMR LLC lifted its stake in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Mastercard by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock worth $3,115,228,000 after acquiring an additional 64,456 shares during the last quarter. Bank of Montreal Can boosted its holdings in Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after acquiring an additional 71,569 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MA shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Monday. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Price Performance

Shares of NYSE MA opened at $532.38 on Friday. The company has a 50 day moving average of $509.57 and a 200 day moving average of $475.63. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03. The firm has a market cap of $488.63 billion, a P/E ratio of 40.27, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm posted $3.39 earnings per share. Mastercard’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

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.