Telos Capital Management Inc. Has $12.86 Million Holdings in Mastercard Incorporated (NYSE:MA)

Telos Capital Management Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,430 shares of the credit services provider’s stock after selling 630 shares during the quarter. Mastercard comprises approximately 1.4% of Telos Capital Management Inc.’s holdings, making the stock its 17th largest holding. Telos Capital Management Inc.’s holdings in Mastercard were worth $12,864,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Bank of Montreal Can raised its position in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. FMR LLC boosted its stake in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Geode Capital Management LLC increased its position in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after purchasing an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its holdings in shares of Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after purchasing an additional 409,334 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MA shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Raymond James restated an “outperform” rating and issued a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Oppenheimer cut their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $603.08.

Mastercard Price Performance

Shares of NYSE:MA opened at $566.05 on Thursday. The firm’s 50 day simple moving average is $530.33 and its two-hundred day simple moving average is $503.85. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The company has a market capitalization of $519.53 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 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%. Research analysts expect that Mastercard Incorporated will post 16.04 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Mastercard declared that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is 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.