Crossmark Global Holdings Inc. Takes Position in Mastercard Incorporated (MA)

Crossmark Global Holdings Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 85,652 shares of the credit services provider’s stock, valued at approximately $12,094,000.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Mastercard by 289.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the last quarter. Vanguard Group Inc. grew its holdings in Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Egerton Capital UK LLP grew its holdings in Mastercard by 60.6% during the second quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the last quarter. 75.58% of the stock is owned by institutional investors.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

MA has been the topic of several analyst reports. Buckingham Research assumed coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 price target on the stock. Cowen restated a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and issued a $156.00 price objective on shares of Mastercard in a research note on Friday, September 22nd. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, September 21st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $160.69.

Mastercard Incorporated (NYSE MA) traded up $1.06 during trading on Thursday, hitting $160.92. The stock had a trading volume of 2,649,500 shares, compared to its average volume of 3,500,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $161.13. The firm has a market cap of $170,360.00, a price-to-earnings ratio of 37.51, a P/E/G ratio of 1.80 and a beta of 1.21.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $1.08 EPS. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. equities research analysts expect that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a share repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Mastercard’s payout ratio is currently 23.31%.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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