Y.D. More Investments Ltd Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

Y.D. More Investments Ltd boosted its position in Mastercard Incorporated (NYSE:MAFree Report) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 12,617 shares of the credit services provider’s stock after buying an additional 369 shares during the quarter. Y.D. More Investments Ltd’s holdings in Mastercard were worth $6,642,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. FMR LLC raised its stake in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the last quarter. Geode Capital Management LLC increased its position in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after purchasing an additional 453,773 shares during the period. International Assets Investment Management LLC grew its stake in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after purchasing an additional 304,293 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp lifted their price target 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. Mizuho raised their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Raymond James reiterated an “outperform” rating and set a $640.00 target price (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

Get Our Latest Stock Report on Mastercard

Mastercard Stock Down 0.8 %

MA opened at $559.21 on Wednesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s fifty day simple moving average is $529.03 and its 200 day simple moving average is $502.60. The stock has a market cap of $513.26 billion, a PE ratio of 40.26, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate 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 expect that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

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

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 21.89%.

About Mastercard

(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.

Recommended Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.