Mastercard Incorporated (NYSE:MA) is Two Creeks Capital Management LP's 10th Largest Position

Two Creeks Capital Management LP reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,979 shares of the credit services provider's stock after selling 72,212 shares during the period. Mastercard makes up about 4.1% of Two Creeks Capital Management LP's investment portfolio, making the stock its 10th biggest position. Two Creeks Capital Management LP's holdings in Mastercard were worth $67,390,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new stake in Mastercard during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $32,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $30,000. Truvestments Capital LLC raised its stake in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. lifted its holdings in Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.4 %

Shares of NYSE MA traded down $2.20 during trading on Friday, hitting $533.26. 2,006,113 shares of the company were exchanged, compared to its average volume of 2,627,850. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The firm has a market capitalization of $486.18 billion, a PE ratio of 38.39, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a fifty day moving average price of $534.04 and a 200-day moving average price of $530.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.89%.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Macquarie boosted their target price on Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Barclays increased their target price on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Piper Sandler reiterated an "overweight" rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Six 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 company's stock. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard 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.