Cypress Asset Management Inc. TX Reduces Position in Mastercard Incorporated (NYSE:MA)

Cypress Asset Management Inc. TX decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,924 shares of the credit services provider’s stock after selling 225 shares during the period. Mastercard accounts for about 2.6% of Cypress Asset Management Inc. TX’s investment portfolio, making the stock its 9th largest holding. Cypress Asset Management Inc. TX’s holdings in Mastercard were worth $9,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Mastercard in the fourth quarter valued at $4,595,559,000. International Assets Investment Management LLC increased 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 buying an additional 2,929,940 shares in the last quarter. Swedbank AB purchased a new position in Mastercard during the 1st quarter worth approximately $660,652,000. Vanguard Group Inc. raised its stake in Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the period. Finally, Capital International Investors raised its stake in Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MA shares. TD Cowen boosted their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday. Royal Bank of Canada upped their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday. BNP Paribas raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $507.27.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,462,228 shares of company stock valued at $1,110,349,560. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE MA traded down $0.39 during mid-day trading on Friday, hitting $462.02. The company had a trading volume of 3,808,080 shares, compared to its average volume of 2,706,904. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The business’s 50-day simple moving average is $446.48 and its 200-day simple moving average is $456.63. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The firm has a market cap of $429.50 billion, a P/E ratio of 36.73, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the company earned $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 14.27 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is 20.99%.

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.