Cumberland Partners Ltd Increases Stake in Mastercard Incorporated $MA

Cumberland Partners Ltd grew its holdings in Mastercard Incorporated (NYSE:MA) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,876 shares of the credit services provider’s stock after buying an additional 338 shares during the quarter. Mastercard comprises about 2.4% of Cumberland Partners Ltd’s investment portfolio, making the stock its 13th largest holding. Cumberland Partners Ltd’s holdings in Mastercard were worth $34,209,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealthstream Advisors Inc. increased its holdings in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 18 shares during the last quarter. Pinion Investment Advisors LLC raised its holdings in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its position in shares of Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after buying an additional 18 shares during the last quarter. Nvest Financial LLC boosted its holdings in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its position in shares of Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was 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 represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $529.95 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $475.89 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The business’s 50 day simple moving average is $565.34 and its 200-day simple moving average is $569.52.

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 net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the firm earned $3.89 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Robert W. Baird lifted their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. KeyCorp reissued an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, UBS Group increased their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $652.50.

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.