Gallacher Capital Management LLC Has $707,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Gallacher Capital Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,342 shares of the credit services provider’s stock after selling 267 shares during the period. Gallacher Capital Management LLC’s holdings in Mastercard were worth $707,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new position in Mastercard in the fourth quarter worth about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter worth $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard during the fourth quarter worth $32,000. Truvestments Capital LLC raised its stake in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. raised its stake in Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Oppenheimer dropped their price objective 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. Susquehanna raised their target price on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Up 1.5 %

NYSE:MA opened at $527.87 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $481.27 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10. The stock has a 50-day moving average price of $545.38 and a two-hundred day moving average price of $522.78.

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 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%. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

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

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.