Mastercard Incorporated (NYSE:MA) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp grew its position in Mastercard Incorporated (NYSE:MA) by 168.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,578 shares of the credit services provider’s stock after purchasing an additional 269,456 shares during the period. Mastercard makes up approximately 1.3% of Cibc World Markets Corp’s holdings, making the stock its 12th largest holding. Cibc World Markets Corp’s holdings in Mastercard were worth $226,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MA. NewSquare Capital LLC acquired a new position in Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in Mastercard during the 4th quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard during the 4th quarter worth approximately $32,000. Truvestments Capital LLC increased its holdings in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its holdings in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. UBS Group lifted their price objective on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Trading Up 1.5 %

Shares of MA stock opened at $527.87 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The stock has a market capitalization of $481.27 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The stock has a 50-day simple moving average of $545.38 and a 200 day simple moving average of $523.14.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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

Mastercard 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.