Bryn Mawr Capital Management LLC Sells 10,526 Shares of Mastercard Incorporated (NYSE:MA)

Bryn Mawr Capital Management LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 82.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,243 shares of the credit services provider’s stock after selling 10,526 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mastercard were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Temasek Holdings Private Ltd lifted its position 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 acquiring an additional 62,891 shares during the period. Cardano Risk Management B.V. increased its stake in shares of Mastercard by 2.7% during 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 purchasing an additional 9,611 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of 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 purchasing an additional 337,905 shares during the last quarter. Dock Street Asset Management Inc. boosted its position in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MA. Raymond James reiterated an “outperform” rating and set a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial upped their price target on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 13th. Barclays raised their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research note on Friday, January 31st. Finally, Mizuho increased their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Down 0.9 %

MA stock opened at $563.61 on Friday. The business’s 50-day moving average price is $538.41 and its 200-day moving average price is $512.53. The stock has a market cap of $517.30 billion, a P/E ratio of 40.58, a PEG ratio of 2.39 and a beta of 1.10. 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 Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last posted 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 net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard Company 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.