Callan Capital LLC Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

Callan Capital LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,435 shares of the credit services provider’s stock after selling 173 shares during the quarter. Callan Capital LLC’s holdings in Mastercard were worth $612,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp raised its stake in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after purchasing an additional 33 shares during the last quarter. Stanley Laman Group Ltd. raised its stake in Mastercard by 2.8% in the 4th quarter. Stanley Laman Group Ltd. now owns 11,248 shares of the credit services provider’s stock valued at $4,797,000 after purchasing an additional 303 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Mastercard by 1.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 881,746 shares of the credit services provider’s stock valued at $376,073,000 after purchasing an additional 15,098 shares during the last quarter. VCI Wealth Management LLC acquired a new position in Mastercard in the 4th quarter valued at about $991,000. Finally, Stevens Capital Management LP raised its stake in Mastercard by 91.7% in the 4th quarter. Stevens Capital Management LP now owns 4,251 shares of the credit services provider’s stock valued at $1,813,000 after purchasing an additional 2,034 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 366,630 shares of company stock valued at $168,746,490. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MA shares. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Raymond James upped their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Stock Up 0.1 %

NYSE MA traded up $0.31 on Friday, reaching $462.42. The company had a trading volume of 1,956,477 shares, compared to its average volume of 2,410,342. The firm has a 50-day moving average of $471.35 and a 200-day moving average of $436.10. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The firm has a market capitalization of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the company posted $2.65 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

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.