Epoch Investment Partners Inc. Has $210.25 Million Stock Holdings in Mastercard Incorporated $MA

Key Points

• Epoch Investment Partners Inc. decreased its stake in Mastercard by 1.5%, now holding 383,578 shares valued at approximately $210.2 million. This makes Mastercard the 14th largest position in their portfolio.
• Mastercard reported $4.15 earnings per share for the last quarter, exceeding estimates, with revenue of $8.13 billion, up 16.8% year-over-year.
• The company declared a quarterly dividend of $0.76 per share, resulting in an annualized dividend yield of 0.5% and a dividend payout ratio of 20.50%.

Epoch Investment Partners Inc. reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,578 shares of the credit services provider's stock after selling 5,806 shares during the period. Mastercard accounts for approximately 1.1% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 14th biggest position. Epoch Investment Partners Inc.'s holdings in Mastercard were worth $210,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter valued at about $31,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter valued at about $34,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,269 shares of company stock valued at $30,634,699. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $617.93.

Mastercard Price Performance

Mastercard stock traded up $0.11 during midday trading on Thursday, reaching $590.77. The company's stock had a trading volume of 2,159,735 shares, compared to its average volume of 2,693,292. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $567.11 and a 200-day moving average price of $556.47. The stock has a market cap of $534.07 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the business posted $3.50 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

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.