Mastercard Incorporated (NYSE:MA) Stock Position Raised by Family Capital Management Inc.

Family Capital Management Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 19.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,025 shares of the credit services provider’s stock after purchasing an additional 167 shares during the period. Family Capital Management Inc.’s holdings in Mastercard were worth $540,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter valued at approximately $25,000. First Personal Financial Services purchased a new position in shares of Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at $54,000. Raelipskie Partnership increased its stake in shares of Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Mastercard during the third quarter worth $55,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 0.3 %

Shares of MA opened at $566.02 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock has a market cap of $519.51 billion, a PE ratio of 40.75, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The stock has a 50 day simple moving average of $533.94 and a 200-day simple moving average of $508.28.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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, sell-side analysts predict that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

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

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Jefferies Financial Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company raised their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. TD Cowen upped their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

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.