Jacobi Capital Management LLC Has $3.47 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Jacobi Capital Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,594 shares of the credit services provider’s stock after purchasing an additional 307 shares during the quarter. Jacobi Capital Management LLC’s holdings in Mastercard were worth $3,472,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Richard W. Paul & Associates LLC raised its position in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 19 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Mastercard by 11.8% during the fourth quarter. Metis Global Partners LLC now owns 56,174 shares of the credit services provider’s stock worth $29,580,000 after acquiring an additional 5,915 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Mastercard during the fourth quarter worth about $584,000. Fisher Asset Management LLC raised its position in shares of Mastercard by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 4,174,204 shares of the credit services provider’s stock worth $2,198,011,000 after acquiring an additional 56,714 shares during the last quarter. Finally, Maripau Wealth Management LLC bought a new position in shares of Mastercard during the fourth quarter worth about $209,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 2.0 %

MA stock opened at $576.08 on Friday. The stock’s fifty day simple moving average is $542.83 and its two-hundred day simple moving average is $517.21. The company has a current ratio of 1.03, a quick 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 stock has a market cap of $525.22 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The business 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 dividend of $0.76 per share. 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 payout ratio is 21.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James restated an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group lifted their target price on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Company 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.