Catalina Capital Group LLC Has $1.87 Million Stake in Mastercard Incorporated (NYSE:MA)

Catalina Capital Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,546 shares of the credit services provider’s stock after purchasing an additional 176 shares during the quarter. Catalina Capital Group LLC’s holdings in Mastercard were worth $1,867,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MA. Capital Investment Advisory Services LLC boosted its stake in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after buying an additional 19 shares in the last quarter. Goldstein Advisors LLC boosted its stake in shares of Mastercard by 1.3% in 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 in the last quarter. Community Bank N.A. grew its holdings in shares of 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 purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its holdings in Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 20 shares during the last quarter. Finally, Boltwood Capital Management boosted its position in Mastercard by 1.0% in the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday. Susquehanna increased their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday. Mizuho upped their target price 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 lowered their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $595.64.

Mastercard Stock Down 1.8 %

Shares of Mastercard stock opened at $555.63 on Monday. The company has a market capitalization of $509.97 billion, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. 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 business has a 50-day moving average of $528.28 and a two-hundred day moving average of $501.43. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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%. As a group, equities analysts predict that Mastercard Incorporated will post 16.04 EPS for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s payout ratio is currently 21.89%.

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

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.