Family Capital Management Inc. Has $540,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Family Capital Management Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 19.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,025 shares of the credit services provider’s stock after acquiring 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 quarter.

A number of other large investors also recently added to or reduced their stakes in MA. Temasek Holdings Private Ltd grew its stake in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the period. Cardano Risk Management B.V. grew its position 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 buying an additional 9,611 shares during the period. Nordea Investment Management AB increased its stake in shares of Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after acquiring an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. TD Cowen increased their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Susquehanna increased their price target on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. BMO Capital Markets raised their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research 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 stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Up 0.3 %

Shares of MA stock opened at $566.02 on Friday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The stock has a market cap of $519.51 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.37 and a beta of 1.10. The firm’s 50-day moving average is $533.94 and its 200-day moving average is $508.28.

Mastercard (NYSE:MA) last released 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 return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts predict that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard announced 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

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 $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

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.