Stamos Capital Partners L.P. Takes $2.51 Million Position in Mastercard Inc (NYSE:MA)

Stamos Capital Partners L.P. acquired a new position in shares of Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,300 shares of the credit services provider’s stock, valued at approximately $2,509,000. Mastercard accounts for 1.9% of Stamos Capital Partners L.P.’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also made changes to their positions in MA. Oregon Public Employees Retirement Fund lifted its holdings in Mastercard by 14,925.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after acquiring an additional 71,077,219 shares during the last quarter. Vanguard Group Inc. lifted its stake in Mastercard by 0.9% during the third quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares in the last quarter. Vanguard Group Inc lifted its stake in Mastercard by 0.9% during the third quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares in the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 10.5% during the third quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock worth $4,329,431,000 after purchasing an additional 1,846,753 shares in the last quarter. Finally, Capital World Investors lifted its stake in Mastercard by 18.4% during the third quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock worth $4,259,931,000 after purchasing an additional 2,976,127 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Shares of MA traded up $0.32 during mid-day trading on Thursday, reaching $245.61. 3,106,374 shares of the company’s stock were exchanged, compared to its average volume of 3,417,406. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $246.85. The stock has a market cap of $249.80 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. On average, equities analysts expect that Mastercard Inc will post 7.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is currently 20.34%.

A number of research firms have commented on MA. Wells Fargo & Co upped their price target on Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Zacks Investment Research reiterated a “buy” rating and issued a $205.00 price objective on shares of Mastercard in a research note on Monday, December 31st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $230.00 to $207.00 in a research note on Tuesday, January 8th. Nomura increased their price objective on Mastercard to $252.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Oppenheimer increased their price objective on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $233.48.

In other news, insider Michael Fraccaro sold 8,658 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $230.21, for a total transaction of $1,993,158.18. Following the completion of the sale, the insider now directly owns 4,124 shares of the company’s stock, valued at approximately $949,386.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $245.00, for a total transaction of $664,195.00. Following the transaction, the insider now owns 20,492 shares in the company, valued at approximately $5,020,540. The disclosure for this sale can be found here. Insiders sold a total of 128,930 shares of company stock valued at $30,323,319 over the last ninety days. 0.32% of the stock is owned by corporate insiders.

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Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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