Mastercard Incorporated (MA) Shares Sold by Cypress Capital Group

Cypress Capital Group cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,179 shares of the credit services provider’s stock after selling 221 shares during the quarter. Cypress Capital Group’s holdings in Mastercard were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. boosted its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. American Beacon Advisors Inc. purchased a new position in Mastercard during the 1st quarter valued at about $100,000. Proficio Capital Partners LLC boosted its holdings in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mastercard during the 2nd quarter valued at about $121,000. Institutional investors and hedge funds own 75.81% of the company’s stock.

Shares of Mastercard Incorporated (MA) traded up $1.70 on Wednesday, hitting $145.13. The stock had a trading volume of 6,806,700 shares, compared to its average volume of 3,217,618. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $151,843.88, a PE ratio of 33.28, a PEG ratio of 1.91 and a beta of 1.20. Mastercard Incorporated has a fifty-two week low of $101.80 and a fifty-two week high of $154.65.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a stock repurchase program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is 20.47%.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last three months. Corporate insiders own 0.30% of the company’s stock.

A number of equities analysts recently commented on MA shares. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Monday, August 21st. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Wedbush restated a “buy” rating and set a $140.00 target price (up from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Cowen restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Friday, September 8th. Finally, Credit Suisse Group raised their target price on Mastercard from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $159.22.

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Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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