Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,428 shares of the credit services provider’s stock after purchasing an additional 879 shares during the quarter. Mastercard accounts for approximately 2.3% of Cumberland Partners Ltd’s holdings, making the stock its 13th largest position. Cumberland Partners Ltd’s holdings in Mastercard were worth $32,873,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Temasek Holdings Private Ltd boosted its stake in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. lifted its holdings in shares of Mastercard by 2.7% in the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares during the period. Nordea Investment Management AB boosted its stake in Mastercard by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Dock Street Asset Management Inc. grew its holdings in Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA opened at $568.97 on Thursday. The firm has a market cap of $522.22 billion, a price-to-earnings ratio of 40.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company’s fifty day moving average is $537.79 and its 200-day moving average is $512.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s payout ratio is currently 21.89%.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research report on Friday, January 31st. Citigroup lifted their target price on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard 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.