Mastercard Incorporated (NYSE:MA) Shares Sold by Cox Capital Mgt LLC

by · The Markets Daily

Cox Capital Mgt LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,104 shares of the credit services provider’s stock after selling 37 shares during the period. Mastercard comprises 2.4% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 15th largest holding. Cox Capital Mgt LLC’s holdings in Mastercard were worth $3,741,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd grew its position in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after buying an additional 62,891 shares in the last quarter. Nordea Investment Management AB lifted its stake in Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Sarasin & Partners LLP grew its holdings in Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. Finally, Cardano Risk Management B.V. raised its holdings in shares of Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MA. Keefe, Bruyette & Woods increased their target price on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Susquehanna increased their price objective on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $566.63.

Get Our Latest Research Report on MA

Mastercard Trading Up 0.7 %

Shares of MA stock opened at $508.49 on Wednesday. The company has a market capitalization of $466.71 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $524.14 and its two-hundred day moving average is $493.23. Mastercard Incorporated has a twelve month low of $425.48 and a twelve month high of $537.70.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company earned $3.39 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard announced that its Board of Directors has approved a share buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is presently 23.00%.

About Mastercard

(Free Report)

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.

Further Reading

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