Cullen Frost Bankers Inc. Reduces Position in Mastercard Incorporated (NYSE:MA)

Cullen Frost Bankers Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,034 shares of the credit services provider’s stock after selling 8,362 shares during the quarter. Mastercard accounts for approximately 1.2% of Cullen Frost Bankers Inc.’s holdings, making the stock its 17th biggest holding. Cullen Frost Bankers Inc.’s holdings in Mastercard were worth $76,786,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its holdings in Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased its position in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors raised its stake in shares of Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO boosted its holdings in Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Finally, Tufton Capital Management grew its stake in Mastercard by 4.5% during the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded up $3.76 during mid-day trading on Tuesday, hitting $453.13. 2,345,329 shares of the company’s stock were exchanged, compared to its average volume of 2,471,482. The firm has a market capitalization of $422.72 billion, a P/E ratio of 36.02, a P/E/G ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business’s 50 day moving average is $468.64 and its two-hundred day moving average is $439.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.80 EPS. On average, equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 872,088 shares of company stock worth $395,452,118 in the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. KeyCorp lifted their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. dropped their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Evercore ISI lifted their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $496.27.

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.