Arcadia Investment Management Corp MI Has $299,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Arcadia Investment Management Corp MI lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 568 shares of the credit services provider’s stock after selling 25 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Mastercard were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Swedbank AB raised its stake in Mastercard by 14.8% in the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after purchasing an additional 241,297 shares in the last quarter. Private Advisor Group LLC raised its stake in Mastercard by 2.6% in the 3rd quarter. Private Advisor Group LLC now owns 48,854 shares of the credit services provider’s stock worth $24,124,000 after purchasing an additional 1,219 shares in the last quarter. Wallington Asset Management LLC acquired a new stake in Mastercard in the 3rd quarter worth about $251,000. Fulcrum Capital LLC raised its stake in Mastercard by 0.4% in the 3rd quarter. Fulcrum Capital LLC now owns 29,495 shares of the credit services provider’s stock worth $14,565,000 after purchasing an additional 115 shares in the last quarter. Finally, RAM Investment Partners LLC raised its stake in Mastercard by 2.9% in the 3rd quarter. RAM Investment Partners LLC now owns 974 shares of the credit services provider’s stock worth $481,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several analyst reports. Mizuho lifted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Citigroup raised their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 0.9 %

MA opened at $563.61 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $517.30 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.39 and a beta of 1.10. The company’s 50 day moving average price is $538.41 and its two-hundred day moving average price is $512.53.

Mastercard (NYSE:MA) last posted 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%. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

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

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.