Mastercard Incorporated (NYSE:MA) Shares Bought by Monument Capital Management

Monument Capital Management lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,941 shares of the credit services provider’s stock after purchasing an additional 110 shares during the quarter. Monument Capital Management’s holdings in Mastercard were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MA. Capital Investment Advisory Services LLC increased its stake in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after acquiring an additional 19 shares during the period. Capital Investment Services of America Inc. increased its stake in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. raised its holdings in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after acquiring an additional 19 shares during the period. Goldstein Advisors LLC raised its stake in Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the period. Finally, Community Bank N.A. lifted its stake in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna raised their price target on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Macquarie increased their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Down 0.3 %

NYSE MA opened at $564.77 on Monday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The firm has a market capitalization of $518.36 billion, a P/E ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10. The business has a fifty day simple moving average of $535.49 and a 200 day simple moving average of $509.98. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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%. On average, analysts predict that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.