Naples Global Advisors LLC Has $1.06 Million Position in Mastercard Incorporated (NYSE:MA)

Naples Global Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the credit services provider’s stock after acquiring an additional 21 shares during the period. Naples Global Advisors LLC’s holdings in Mastercard were worth $1,063,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MA. Temasek Holdings Private Ltd raised its position in Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. increased its stake in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Nordea Investment Management AB raised its holdings 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 valued at $1,325,353,000 after purchasing an additional 337,905 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 valued at $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.3 %

Shares of MA stock opened at $566.02 on Friday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The stock has a fifty day moving average price of $533.94 and a 200 day moving average price of $508.28. The stock has a market cap of $519.51 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released 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 net margin of 45.71% and a return on equity of 188.47%. Analysts predict that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its Board of Directors has initiated a share buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on MA. Royal Bank of Canada increased their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays increased their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Citigroup boosted their target price on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Tigress Financial increased their price target on Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

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.