Mastercard Incorporated (NYSE:MA) Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,462 shares of the credit services provider’s stock after acquiring an additional 6,087 shares during the period. Mastercard accounts for approximately 0.7% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 25th biggest position. Jupiter Asset Management Ltd.’s holdings in Mastercard were worth $75,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC boosted its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in Mastercard in the fourth quarter valued at $206,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $42,000. Knuff & Co LLC raised its holdings in Mastercard by 20.7% in the 4th quarter. Knuff & Co LLC now owns 2,107 shares of the credit services provider’s stock valued at $1,109,000 after buying an additional 362 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Mastercard by 30.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,836 shares of the credit services provider’s stock valued at $3,600,000 after buying an additional 1,608 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 2.0 %

MA opened at $526.11 on Wednesday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company has a market cap of $479.66 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.37 and a beta of 1.10. The business’s fifty day moving average is $545.34 and its two-hundred day moving average is $522.03. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Royal Bank of Canada boosted their target price on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company lifted their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. TD Cowen raised their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Four 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 stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target 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.