Mastercard Inc (MA) Holdings Cut by Cim LLC

Cim LLC lowered its stake in shares of Mastercard Inc (NYSE:MA) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,068 shares of the credit services provider’s stock after selling 8,013 shares during the period. Mastercard makes up 4.6% of Cim LLC’s portfolio, making the stock its 2nd biggest position. Cim LLC’s holdings in Mastercard were worth $12,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Richard Bernstein Advisors LLC lifted its holdings in shares of Mastercard by 3.5% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock valued at $15,936,000 after purchasing an additional 2,757 shares in the last quarter. Criterion Capital Management LLC lifted its holdings in shares of Mastercard by 16.8% during the 2nd quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock valued at $33,640,000 after purchasing an additional 24,634 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Mastercard by 13.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,640,138 shares of the credit services provider’s stock valued at $587,406,000 after purchasing an additional 310,839 shares in the last quarter. Certified Advisory Corp lifted its holdings in shares of Mastercard by 9.3% during the 2nd quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock valued at $3,164,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Pennsylvania Trust Co lifted its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Pennsylvania Trust Co now owns 95,380 shares of the credit services provider’s stock valued at $21,232,000 after purchasing an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 74.40% of the company’s stock.

MA has been the topic of several recent analyst reports. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Wells Fargo & Co lifted their price objective on Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Oppenheimer lifted their price objective on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Wolfe Research initiated coverage on Mastercard in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Bank of America lifted their price objective on Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Three research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $218.86.



Shares of Mastercard stock opened at $197.67 on Thursday. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35. The company has a market capitalization of $205.08 billion, a P/E ratio of 43.16, a PEG ratio of 1.65 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 EPS. Research analysts forecast that Mastercard Inc will post 6.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is 21.83%.

About Mastercard

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.

Featured Story: Bear Market

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply