Mastercard Incorporated (NYSE:MA) is Fulcrum Capital LLC’s 7th Largest Position

Fulcrum Capital LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,631 shares of the credit services provider’s stock after purchasing an additional 136 shares during the quarter. Mastercard comprises about 3.3% of Fulcrum Capital LLC’s portfolio, making the stock its 7th biggest position. Fulcrum Capital LLC’s holdings in Mastercard were worth $15,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Accelerate Investment Advisors LLC boosted its stake in shares of Mastercard by 10.6% during the fourth quarter. Accelerate Investment Advisors LLC now owns 470 shares of the credit services provider’s stock valued at $248,000 after purchasing an additional 45 shares in the last quarter. Cooper Financial Group raised its position in shares of Mastercard by 10.3% in the 4th quarter. Cooper Financial Group now owns 3,733 shares of the credit services provider’s stock worth $1,966,000 after acquiring an additional 349 shares in the last quarter. Wedmont Private Capital raised its holdings in Mastercard by 9.0% in the fourth quarter. Wedmont Private Capital now owns 10,368 shares of the credit services provider’s stock worth $5,233,000 after purchasing an additional 854 shares in the last quarter. Westmount Partners LLC increased its position in shares of Mastercard by 7.1% during the fourth quarter. Westmount Partners LLC now owns 1,127 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 75 shares in the last quarter. Finally, Fragasso Financial Advisors Inc boosted its holdings in Mastercard by 9.0% in the fourth quarter. Fragasso Financial Advisors Inc now owns 1,678 shares of the credit services provider’s stock worth $884,000 after acquiring an additional 139 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.1 %

Shares of NYSE MA traded up $0.65 during mid-day trading on Monday, hitting $505.32. The company had a trading volume of 1,825,612 shares, compared to its average volume of 2,371,696. The company has a market capitalization of $463.80 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. The business’s 50-day simple moving average is $524.09 and its 200 day simple moving average is $492.31. Mastercard Incorporated has a 1-year low of $425.48 and a 1-year high of $537.70. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard declared that its board has approved a share repurchase 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Analysts Set New Price Targets

MA has been the subject of a number of recent research reports. Mizuho raised their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer reduced their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. KeyCorp boosted their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Susquehanna increased their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, TD Cowen boosted their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $566.13.

About Mastercard

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.