Cambiar Investors LLC Has $38.59 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Cambiar Investors LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,281 shares of the credit services provider’s stock after selling 2,223 shares during the quarter. Mastercard comprises approximately 1.5% of Cambiar Investors LLC’s holdings, making the stock its 29th largest position. Cambiar Investors LLC’s holdings in Mastercard were worth $38,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MA. International Assets Investment Management LLC lifted its stake in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. FMR LLC lifted its stake in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after buying an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its stake in shares of Mastercard by 52.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after buying an additional 409,334 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $565.51 on Tuesday. The stock has a market cap of $519.05 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock’s 50-day moving average is $531.61 and its 200-day moving average is $506.04. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates 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 15.98 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a stock buyback plan 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 repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The business 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MA shares. Citigroup boosted their target price on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $603.08.

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.