Titan Global Capital Management USA LLC Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

Titan Global Capital Management USA LLC decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,749 shares of the credit services provider's stock after selling 9,021 shares during the quarter. Mastercard accounts for about 3.9% of Titan Global Capital Management USA LLC's portfolio, making the stock its 10th largest holding. Titan Global Capital Management USA LLC's holdings in Mastercard were worth $25,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cardano Risk Management B.V. raised its position in Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after purchasing an additional 9,611 shares in the last quarter. Dock Street Asset Management Inc. raised its holdings in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after buying an additional 2,931 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after buying an additional 337,905 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Macquarie upped their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard Stock Performance

Shares of Mastercard stock traded down $2.94 during trading hours on Wednesday, hitting $514.44. 1,210,787 shares of the company's stock traded hands, compared to its average volume of 2,920,885. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The company has a fifty day simple moving average of $540.75 and a 200-day simple moving average of $528.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $469.02 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. Mastercard's dividend payout ratio is 21.89%.

Mastercard 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.