Ingalls & Snyder LLC Has $8.19 Million Holdings in Mastercard Incorporated (NYSE:MA)

Ingalls & Snyder LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,561 shares of the credit services provider’s stock after buying an additional 517 shares during the period. Ingalls & Snyder LLC’s holdings in Mastercard were worth $8,194,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MA. Temasek Holdings Private Ltd increased its stake in Mastercard by 2.3% in the third 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 purchasing an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. raised its holdings in shares of Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares during the period. Nordea Investment Management AB raised its holdings in shares of Mastercard by 15.6% during the fourth 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 purchasing an additional 337,905 shares during the period. Dock Street Asset Management Inc. raised its holdings in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 buying an additional 100,550 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada increased their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Mizuho increased their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Price Performance

Shares of NYSE:MA opened at $564.33 on Thursday. The company has a 50 day moving average of $533.07 and a 200 day moving average of $507.89. The stock has a market cap of $517.96 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its Board of Directors has initiated a stock 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 buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are 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.