Coldstream Capital Management Inc. Grows Stake in Mastercard Incorporated $MA

Coldstream Capital Management Inc. increased its holdings in Mastercard Incorporated (NYSE:MA) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 28,766 shares of the credit services provider’s stock after acquiring an additional 1,269 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Mastercard were worth $16,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Lifeworks Advisors LLC purchased a new position in Mastercard during the 1st quarter valued at approximately $240,000. Caliber Wealth Management LLC KS bought a new stake in Mastercard in the 1st quarter worth approximately $478,000. Angeles Wealth Management LLC boosted its position in shares of Mastercard by 0.4% during the 1st quarter. Angeles Wealth Management LLC now owns 6,304 shares of the credit services provider’s stock valued at $3,455,000 after acquiring an additional 22 shares during the last quarter. Finally, GLOBALT Investments LLC GA grew its holdings in shares of Mastercard by 0.4% in the first quarter. GLOBALT Investments LLC GA now owns 13,744 shares of the credit services provider’s stock valued at $7,533,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $540.42 on Friday. The company has a market capitalization of $485.29 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.27 and a beta of 0.92. The company’s 50-day simple moving average is $563.32 and its two-hundred day simple moving average is $569.15. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the business posted $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts anticipate 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, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analysts Set New Price Targets

Several research firms have commented on MA. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Tigress Financial raised their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Cowen reissued a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Finally, UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $652.50.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.