Cumberland Partners Ltd Reduces Holdings in Mastercard Inc (NYSE:MA)

Cumberland Partners Ltd lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,293 shares of the credit services provider’s stock after selling 3,250 shares during the period. Cumberland Partners Ltd’s holdings in Mastercard were worth $2,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howe & Rusling Inc. purchased a new stake in Mastercard in the 3rd quarter valued at about $29,000. John W. Brooker & Co. CPAs purchased a new stake in shares of Mastercard during the 4th quarter valued at $38,000. Samalin Investment Counsel LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $41,000. First Command Bank increased its holdings in shares of Mastercard by 96.3% during the 4th quarter. First Command Bank now owns 161 shares of the credit services provider’s stock worth $48,000 after buying an additional 79 shares during the last quarter. Finally, Wealthcare Capital Management LLC increased its holdings in shares of Mastercard by 66.3% during the 4th quarter. Wealthcare Capital Management LLC now owns 168 shares of the credit services provider’s stock worth $50,000 after buying an additional 67 shares during the last quarter. Institutional investors own 74.10% of the company’s stock.

In other Mastercard news, major shareholder Foundation Mastercard sold 38,536 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $312.75, for a total transaction of $12,052,134.00. Following the transaction, the insider now owns 111,833,391 shares of the company’s stock, valued at approximately $34,975,893,035.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Venkata R. Madabhushi sold 954 shares of Mastercard stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $335.00, for a total value of $319,590.00. Following the completion of the transaction, the chief marketing officer now owns 13,093 shares of the company’s stock, valued at approximately $4,386,155. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 430,024 shares of company stock valued at $137,189,140. 3.70% of the stock is owned by insiders.

A number of research analysts recently weighed in on the company. Compass Point began coverage on Mastercard in a report on Thursday, December 5th. They issued a “buy” rating and a $330.00 target price on the stock. SunTrust Banks upped their price target on Mastercard from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group raised their price objective on Mastercard from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Nomura reaffirmed a “buy” rating on shares of Mastercard in a research note on Monday, January 20th. Finally, Moffett Nathanson lifted their price objective on Mastercard from to and gave the company a “buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $337.58.

Mastercard stock opened at $340.95 on Monday. Mastercard Inc has a 12-month low of $215.93 and a 12-month high of $341.04. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.42 and a quick ratio of 1.39. The company has a market capitalization of $343.97 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The firm’s fifty day moving average price is $316.00 and its 200 day moving average price is $288.22.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.09. Mastercard had a return on equity of 150.46% and a net margin of 48.08%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the firm earned $1.55 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Analysts forecast that Mastercard Inc will post 9 earnings per share for the current fiscal year.

Mastercard announced that its board has initiated a stock buyback plan on Tuesday, December 3rd that permits the company to buyback $8.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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