Mastercard Incorporated (NYSE:MA) is Bank OZK’s 8th Largest Position

Bank OZK cut its stake in Mastercard Incorporated (NYSE:MA) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,222 shares of the credit services provider’s stock after selling 182 shares during the quarter. Mastercard comprises 1.9% of Bank OZK’s investment portfolio, making the stock its 8th largest position. Bank OZK’s holdings in Mastercard were worth $3,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mastercard by 3,339.9% in the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after acquiring an additional 791,799 shares in the last quarter. Lone Pine Capital LLC grew its holdings in shares of Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after acquiring an additional 569,534 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Mastercard by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,630 shares of company stock worth $168,746,490. Corporate insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of MA stock traded up $0.31 on Friday, reaching $462.42. The company’s stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market capitalization of $431.39 billion, a P/E ratio of 39.09, a PEG ratio of 1.75 and a beta of 1.08. The stock’s 50 day simple moving average is $471.35 and its 200-day simple moving average is $436.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $6.46 billion. During the same quarter last year, the business posted $2.65 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MA. JPMorgan Chase & Co. upped their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. The Goldman Sachs Group increased their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. KeyCorp increased their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

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.