Crossmark Global Holdings Inc. Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

Crossmark Global Holdings Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 62.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,770 shares of the credit services provider’s stock after selling 42,127 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mastercard were worth $1,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. OLD Mission Capital LLC acquired a new position in Mastercard in the third quarter valued at about $237,000. Ironwood Wealth Management LLC. lifted its position in Mastercard by 137.9% in the first quarter. Ironwood Wealth Management LLC. now owns 157 shares of the credit services provider’s stock valued at $56,000 after buying an additional 91 shares during the last quarter. Aspire Private Capital LLC lifted its position in Mastercard by 105.9% in the first quarter. Aspire Private Capital LLC now owns 836 shares of the credit services provider’s stock valued at $298,000 after buying an additional 430 shares during the last quarter. MBL Wealth LLC acquired a new position in Mastercard in the first quarter valued at about $248,000. Finally, Davidson Kempner Capital Management LP lifted its position in Mastercard by 20.7% in the first quarter. Davidson Kempner Capital Management LP now owns 120,400 shares of the credit services provider’s stock valued at $42,868,000 after buying an additional 20,661 shares during the last quarter. 73.78% of the stock is currently owned by institutional investors.

Shares of MA stock opened at $340.00 on Thursday. The stock’s 50-day moving average is $348.01 and its two-hundred day moving average is $359.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.33 and a current ratio of 1.33. Mastercard Incorporated has a 1 year low of $312.38 and a 1 year high of $401.50. The firm has a market cap of $334.07 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.97 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 28th. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.18. Mastercard had a return on equity of 116.88% and a net margin of 45.50%. The firm had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter last year, the business posted $1.60 EPS. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 8.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 9th. Stockholders of record on Friday, October 8th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, October 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s payout ratio is 21.65%.

Several brokerages have recently issued reports on MA. Raymond James reduced their price target on shares of Mastercard from $453.00 to $430.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Wells Fargo & Company increased their price target on shares of Mastercard from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, November 11th. UBS Group began coverage on shares of Mastercard in a research report on Thursday, November 18th. They set a “buy” rating and a $448.00 price target on the stock. Mizuho increased their price target on shares of Mastercard from $450.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, November 15th. Finally, Daiwa Capital Markets cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price target on the stock. in a research report on Thursday, August 12th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $426.57.

In related news, major shareholder Foundation Mastercard sold 90,994 shares of the company’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $327.91, for a total transaction of $29,837,842.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Miebach sold 10,670 shares of the stock in a transaction on Monday, November 15th. The stock was sold at an average price of $370.00, for a total value of $3,947,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 374,646 shares of company stock valued at $127,575,078. 0.33% of the stock is owned by insiders.

About Mastercard

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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