Mastercard Incorporated (NYSE:MA) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,283 shares of the credit services provider’s stock after selling 32 shares during the period. Mastercard makes up 0.3% of Chickasaw Capital Management LLC’s holdings, making the stock its 27th biggest position. Chickasaw Capital Management LLC’s holdings in Mastercard were worth $6,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldstein Advisors LLC grew its holdings in Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares in the last quarter. Community Bank N.A. grew its holdings in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC increased its holdings in shares of Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after buying an additional 20 shares during the last quarter. Boltwood Capital Management increased its position in shares of Mastercard by 1.0% during the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after purchasing an additional 20 shares during the last quarter. Finally, McLean Asset Management Corp lifted its position in Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after buying an additional 21 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.35 during trading hours on Tuesday, reaching $512.28. The stock had a trading volume of 1,294,144 shares, compared to its average volume of 2,133,748. The firm has a market cap of $470.19 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $416.53 and a fifty-two week high of $537.70. The firm has a 50-day moving average of $523.65 and a 200-day moving average of $490.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard declared that its board has authorized a stock repurchase 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 purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is 23.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Citigroup lifted their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Susquehanna raised their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Mizuho boosted their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $562.76.

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.