Mastercard Incorporated (NYSE:MA) Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,856 shares of the credit services provider’s stock after buying an additional 61 shares during the period. Manchester Capital Management LLC’s holdings in Mastercard were worth $2,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its position in shares of Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after buying an additional 62,891 shares during the period. Cardano Risk Management B.V. grew its stake in shares of Mastercard by 2.7% in the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after acquiring an additional 9,611 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after acquiring an additional 337,905 shares in the last quarter. Dock Street Asset Management Inc. grew its stake in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mastercard by 2.0% during the third 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 purchasing an additional 100,550 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $564.77 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $518.36 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The firm’s 50 day moving average is $534.76 and its two-hundred day moving average is $508.68.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping 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%. Analysts expect that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is 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 paid a $0.76 dividend. 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 is presently 21.89%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Citigroup upped their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. Macquarie upped their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Oppenheimer cut their price target 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. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.