Mastercard Incorporated (NYSE:MA) Shares Sold by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management reduced its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,248 shares of the credit services provider’s stock after selling 84 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Mastercard were worth $3,290,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MA. Intech Investment Management LLC increased its holdings in Mastercard by 31.1% in the second quarter. Intech Investment Management LLC now owns 37,590 shares of the credit services provider’s stock valued at $16,583,000 after buying an additional 8,911 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Mastercard by 1.9% in the 2nd quarter. Brighton Jones LLC now owns 6,517 shares of the credit services provider’s stock valued at $2,875,000 after acquiring an additional 123 shares during the last quarter. Ieq Capital LLC raised its position in shares of Mastercard by 5.3% during the 2nd quarter. Ieq Capital LLC now owns 63,616 shares of the credit services provider’s stock valued at $28,065,000 after acquiring an additional 3,218 shares in the last quarter. GM Advisory Group LLC lifted its stake in Mastercard by 1.4% during the second quarter. GM Advisory Group LLC now owns 2,707 shares of the credit services provider’s stock worth $1,194,000 after purchasing an additional 38 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after purchasing an additional 113,238 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Citigroup upped their target price on Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group raised their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Susquehanna upped their price objective on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $566.63.

Check Out Our Latest Stock Analysis on MA

Mastercard Stock Up 0.4 %

Shares of MA stock opened at $525.22 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $482.06 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The business’s fifty day moving average is $524.27 and its 200-day moving average is $493.64. Mastercard Incorporated has a 1 year low of $427.45 and a 1 year high of $537.70.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio is currently 19.97%.

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

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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