Capitolis Liquid Global Markets LLC Cuts Position in Mastercard Incorporated (NYSE:MA)

Capitolis Liquid Global Markets LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 752,014 shares of the credit services provider's stock after selling 26,386 shares during the period. Mastercard accounts for 3.9% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 8th biggest holding. Capitolis Liquid Global Markets LLC owned about 0.08% of Mastercard worth $395,988,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after buying an additional 377,302 shares in the last quarter. FMR LLC boosted its position in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank acquired a new stake in Mastercard during the fourth quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP boosted its holdings in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Seaport Res Ptn cut shares of Mastercard from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday. Finally, Royal Bank of Canada raised their price objective on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $606.25.

Mastercard Stock Up 0.3 %

NYSE MA opened at $560.97 on Tuesday. The stock's 50 day simple moving average is $532.34 and its 200 day simple moving average is $531.92. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The firm has a market cap of $511.44 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

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.

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