One Capital Management LLC Sells 1,270 Shares of Mastercard Incorporated (NYSE:MA)

One Capital Management LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,611 shares of the credit services provider’s stock after selling 1,270 shares during the quarter. One Capital Management LLC’s holdings in Mastercard were worth $5,587,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $32,000. First Personal Financial Services purchased a new stake in shares of Mastercard in the third quarter valued at approximately $39,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% in the fourth 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 period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $558.81 on Thursday. The business’s 50-day moving average is $544.58 and its two-hundred day moving average is $519.64. The company has a market capitalization of $509.47 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.37 and a beta of 1.10. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping 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%. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard announced that its board has approved a share buyback plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows 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 leadership believes its shares are undervalued.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Citigroup boosted their price target on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Macquarie upped their target price on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $606.11.

About Mastercard

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.