Mastercard Incorporated (NYSE:MA) Holdings Trimmed by Jag Capital Management LLC

Jag Capital Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 16.2% during the 4th quarter, Holdings Channel reports. The firm owned 37,462 shares of the credit services provider’s stock after selling 7,265 shares during the quarter. Mastercard makes up approximately 2.8% of Jag Capital Management LLC’s holdings, making the stock its 9th largest holding. Jag Capital Management LLC’s holdings in Mastercard were worth $19,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Temasek Holdings Private Ltd grew its stake in Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after buying an additional 62,891 shares in the last quarter. Dock Street Asset Management Inc. grew its stake in 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 worth $35,932,000 after buying an additional 2,931 shares in the last quarter. Cardano Risk Management B.V. grew its stake in Mastercard by 2.7% in 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 in the last quarter. Nordea Investment Management AB grew its stake in 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 worth $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Mastercard by 2.0% in 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 buying an additional 100,550 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MA. Royal Bank of Canada upped their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial raised their price objective on shares of Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Down 0.3 %

NYSE:MA opened at $574.39 on Tuesday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a 50-day moving average of $543.74 and a 200 day moving average of $518.76. The firm has a market cap of $523.68 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS 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%. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced 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 is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.