Two Creeks Capital Management LP Has $67.39 Million Holdings in Mastercard Incorporated (NYSE:MA)

Two Creeks Capital Management LP cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,979 shares of the credit services provider's stock after selling 72,212 shares during the period. Mastercard makes up about 4.1% of Two Creeks Capital Management LP's portfolio, making the stock its 10th largest holding. Two Creeks Capital Management LP's holdings in Mastercard were worth $67,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cardano Risk Management B.V. lifted its holdings in Mastercard by 2.7% in the 4th 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. lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares during the last quarter. Nordea Investment Management AB boosted its stake in Mastercard by 15.6% during the fourth 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 period. Principal Financial Group Inc. lifted its stake in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after acquiring an additional 1,194 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.4 %

Shares of NYSE MA traded down $2.20 during midday trading on Friday, reaching $533.26. 2,006,113 shares of the stock were exchanged, compared to its average volume of 2,625,189. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The stock has a 50 day moving average price of $534.74 and a 200-day moving average price of $529.64. The company has a market capitalization of $486.18 billion, a P/E ratio of 38.39, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Seaport Res Ptn cut Mastercard from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Piper Sandler restated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Raymond James reaffirmed an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Insider Transactions at Mastercard

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

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.