Chickasaw Capital Management LLC reduced its stake in shares of Mastercard Inc (NYSE:MA) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,046 shares of the credit services provider’s stock after selling 420 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Mastercard were worth $3,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Chicago Partners Investment Group LLC grew its position in shares of Mastercard by 9.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,629 shares of the credit services provider’s stock worth $321,000 after buying an additional 141 shares during the period. Pure Financial Advisors Inc. grew its position in shares of Mastercard by 17.0% in the 4th quarter. Pure Financial Advisors Inc. now owns 1,274 shares of the credit services provider’s stock worth $240,000 after buying an additional 185 shares during the period. New England Research & Management Inc. purchased a new stake in shares of Mastercard in the 4th quarter worth about $358,000. Northstar Investment Advisors LLC grew its position in shares of Mastercard by 175.7% in the 4th quarter. Northstar Investment Advisors LLC now owns 3,138 shares of the credit services provider’s stock worth $592,000 after buying an additional 2,000 shares during the period. Finally, Welch Group LLC grew its position in shares of Mastercard by 14.9% in the 4th quarter. Welch Group LLC now owns 1,688 shares of the credit services provider’s stock worth $318,000 after buying an additional 219 shares during the period. 74.53% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on MA shares. Credit Suisse Group upped their price target on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. BMO Capital Markets upped their price target on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Loop Capital set a $232.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Edward Jones upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $220.20.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the sale, the director now directly owns 40,183 shares of the company’s stock, valued at approximately $7,715,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard K. Davis bought 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.

Shares of NYSE:MA traded down $1.05 during trading on Friday, hitting $195.90. The company’s stock had a trading volume of 2,500,200 shares, compared to its average volume of 4,346,563. Mastercard Inc has a 12 month low of $156.80 and a 12 month high of $225.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $202.19 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.13.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts expect that Mastercard Inc will post 6.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.25. Mastercard’s dividend payout ratio is 28.82%.

Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 4th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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