Capital Management Corp VA Has $13.01 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Capital Management Corp VA cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,713 shares of the credit services provider’s stock after selling 438 shares during the period. Mastercard comprises approximately 2.3% of Capital Management Corp VA’s investment portfolio, making the stock its 18th biggest position. Capital Management Corp VA’s holdings in Mastercard were worth $13,013,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter worth $26,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter worth about $32,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at approximately $39,000. Finally, FPC Investment Advisory Inc. grew its holdings in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. KeyCorp raised their price objective on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Macquarie boosted their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Tigress Financial boosted their price target on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 13th. Four 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’s stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

NYSE MA opened at $546.98 on Friday. The company has a market cap of $498.68 billion, a P/E ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10. The company has a fifty day simple moving average of $545.15 and a 200 day simple moving average of $520.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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%. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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

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 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

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.