J. W. Coons Advisors LLC Has $1.98 Million Holdings in Mastercard Incorporated (NYSE:MA)

J. W. Coons Advisors LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,751 shares of the credit services provider’s stock after buying an additional 65 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Mastercard were worth $1,975,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its holdings in shares of Mastercard by 2.3% in the 3rd 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 buying an additional 62,891 shares during the last quarter. Dock Street Asset Management Inc. boosted its stake 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 worth $35,932,000 after acquiring an additional 2,931 shares during the period. Cardano Risk Management B.V. increased its holdings 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 acquiring an additional 9,611 shares during the last quarter. Nordea Investment Management AB increased 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 worth $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after acquiring an additional 100,550 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Oppenheimer decreased their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Susquehanna increased their target price on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 1.0 %

Shares of MA stock opened at $557.44 on Monday. The stock’s fifty day moving average price is $538.98 and its two-hundred day moving average price is $514.23. The company has a market cap of $508.22 billion, a PE ratio of 40.13, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.89%.

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