124,432 Shares in Mastercard Incorporated (NYSE:MA) Bought by DJE Kapital AG

DJE Kapital AG acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 124,432 shares of the credit services provider’s stock, valued at approximately $65,231,000. Mastercard accounts for about 1.5% of DJE Kapital AG’s investment portfolio, making the stock its 25th largest holding.

Several other large investors have also recently added to or reduced their stakes in MA. Marshall Investment Management LLC bought a new stake in Mastercard in the fourth quarter valued at $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard in the fourth quarter valued at $32,000. First Personal Financial Services bought a new stake in Mastercard in the third quarter valued at $39,000. FPC Investment Advisory Inc. lifted its stake in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after buying an additional 58 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its stake in Mastercard by 72.5% in the fourth quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock valued at $46,000 after buying an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen raised their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp raised their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four equities research 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 MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Up 2.0 %

NYSE:MA opened at $576.08 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 1-year low of $428.86 and a 1-year high of $576.94. The firm has a market capitalization of $525.22 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock has a fifty day simple moving average of $542.83 and a 200 day simple moving average of $518.02.

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%. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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

Mastercard Dividend Announcement

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 of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

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.