Mastercard Incorporated (NYSE:MA) Position Lowered by Saybrook Capital NC

Saybrook Capital NC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,765 shares of the credit services provider’s stock after selling 390 shares during the period. Mastercard comprises about 2.2% of Saybrook Capital NC’s investment portfolio, making the stock its 14th biggest holding. Saybrook Capital NC’s holdings in Mastercard were worth $8,301,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Temasek Holdings Private Ltd lifted its position in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Cardano Risk Management B.V. raised its stake in 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 worth $194,141,000 after acquiring an additional 9,611 shares during the period. Dock Street Asset Management Inc. raised its stake in 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 worth $35,932,000 after acquiring an additional 2,931 shares during the period. Nordea Investment Management AB raised its stake in 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 worth $1,325,353,000 after acquiring an additional 337,905 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 acquiring an additional 100,550 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.5 %

Shares of NYSE:MA opened at $546.98 on Friday. The stock has a market capitalization of $498.68 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $545.15 and a 200 day moving average price of $520.77.

Mastercard (NYSE:MA) last issued its 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%. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a share repurchase 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 reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently disclosed 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 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Susquehanna raised their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, Macquarie raised their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four equities 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

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.