Douglas Lane & Associates LLC Has $100.72 Million Holdings in Mastercard Incorporated $MA

Key Points

• Douglas Lane & Associates LLC cut its Mastercard stake by 3.9%, selling 7,244 shares and holding 176,430 shares valued at $100.72 million, which equals 1.4% of the firm's portfolio and is its 16th-largest holding.
• Mastercard reported a strong quarter with adjusted EPS of $4.76 (vs. $4.24 est.) and revenue of $8.81B, up 17.5% year-over-year, and sell-side analysts overwhelmingly rate the stock a Buy with a consensus target near $664.40.
• The company declared a quarterly dividend of $0.87 (annualized yield ~0.7%), and trades with a market cap around $450 billion, a P/E of about 30.5, and a 52-week range of $480.50–$601.77.

Douglas Lane & Associates LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 176,430 shares of the credit services provider's stock after selling 7,244 shares during the period. Mastercard accounts for 1.4% of Douglas Lane & Associates LLC's holdings, making the stock its 16th biggest holding. Douglas Lane & Associates LLC's holdings in Mastercard were worth $100,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider's stock worth $1,432,000 after purchasing an additional 200 shares during the period. Intact Investment Management Inc. lifted its holdings in shares of Mastercard by 105.2% during the second quarter. Intact Investment Management Inc. now owns 5,336 shares of the credit services provider's stock worth $2,999,000 after purchasing an additional 2,736 shares during the period. HighVista Strategies LLC lifted its holdings in shares of Mastercard by 8.1% during the second quarter. HighVista Strategies LLC now owns 4,000 shares of the credit services provider's stock worth $2,248,000 after purchasing an additional 300 shares during the period. Finally, Dearborn Partners LLC lifted its holdings in shares of Mastercard by 0.6% during the second quarter. Dearborn Partners LLC now owns 72,433 shares of the credit services provider's stock worth $40,703,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA opened at $504.37 on Friday. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The firm has a fifty day simple moving average of $514.29 and a 200 day simple moving average of $542.58. The company has a market capitalization of $449.80 billion, a PE ratio of 30.53, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm posted $3.82 earnings per share. The business's revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard's payout ratio is 21.07%.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Compass Point upgraded shares of Mastercard from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $620.00 to $735.00 in a report on Tuesday, January 13th. Tigress Financial lifted their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a "strong-buy" rating in a research note on Friday, March 13th. Morgan Stanley lifted their target price on shares of Mastercard from $665.00 to $678.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Finally, Wells Fargo & Company lifted their target price on shares of Mastercard from $660.00 to $668.00 and gave the stock an "overweight" rating in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $664.40.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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