Taylor Cottrill Erickson & Associates Inc. Decreases Stake in Mastercard Inc (NYSE:MA)

Taylor Cottrill Erickson & Associates Inc. reduced its holdings in Mastercard Inc (NYSE:MA) by 1.3% 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 22,685 shares of the credit services provider’s stock after selling 290 shares during the period. Mastercard makes up 1.2% of Taylor Cottrill Erickson & Associates Inc.’s holdings, making the stock its 25th biggest position. Taylor Cottrill Erickson & Associates Inc.’s holdings in Mastercard were worth $6,774,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Old Port Advisors increased its position in shares of Mastercard by 1.9% during the fourth quarter. Old Port Advisors now owns 1,913 shares of the credit services provider’s stock valued at $576,000 after acquiring an additional 35 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Mastercard by 0.5% during the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock valued at $1,978,000 after acquiring an additional 37 shares during the last quarter. Bingham Osborn & Scarborough LLC increased its position in shares of Mastercard by 4.3% during the third quarter. Bingham Osborn & Scarborough LLC now owns 892 shares of the credit services provider’s stock valued at $242,000 after acquiring an additional 37 shares during the last quarter. Ellevest Inc. increased its position in shares of Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Finally, Wealthsource Partners LLC increased its position in shares of Mastercard by 2.1% during the third quarter. Wealthsource Partners LLC now owns 1,831 shares of the credit services provider’s stock valued at $497,000 after acquiring an additional 38 shares during the last quarter. 73.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael Miebach sold 4,205 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $295.10, for a total transaction of $1,240,895.50. Following the completion of the sale, the insider now owns 16,983 shares in the company, valued at approximately $5,011,683.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the sale, the director now owns 32,119 shares of the company’s stock, valued at approximately $8,993,320. The disclosure for this sale can be found here. Insiders have sold a total of 129,108 shares of company stock valued at $36,637,812 in the last 90 days. Insiders own 3.70% of the company’s stock.

A number of research analysts recently weighed in on the stock. ValuEngine cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lifted their price objective on shares of Mastercard from $317.00 to $336.00 and gave the company an “overweight” rating in a report on Monday, January 6th. BMO Capital Markets lifted their price objective on shares of Mastercard to $348.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Compass Point assumed coverage on shares of Mastercard in a report on Thursday, December 5th. They issued a “buy” rating and a $330.00 price objective for the company. Finally, Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $313.73.

NYSE MA opened at $315.21 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52 week low of $193.10 and a 52 week high of $315.64. The stock has a market capitalization of $313.93 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.03. The firm has a 50 day moving average of $296.91 and a two-hundred day moving average of $280.46.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts expect that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.

Mastercard announced that its board has approved a stock repurchase plan on Tuesday, December 3rd that allows the company to repurchase $8.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.33. Mastercard’s payout ratio is currently 24.65%.

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.

See Also: Diluted Earnings Per Share

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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