JPL Wealth Management LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

JPL Wealth Management LLC acquired a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,055 shares of the credit services provider’s stock, valued at approximately $4,242,000. Mastercard accounts for approximately 1.2% of JPL Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Temasek Holdings Private Ltd boosted its holdings in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after acquiring an additional 62,891 shares during the period. Cardano Risk Management B.V. lifted its holdings in Mastercard by 2.7% in the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after purchasing an additional 9,611 shares during the period. Dock Street Asset Management Inc. lifted its holdings in Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after purchasing an additional 2,931 shares during the period. Nordea Investment Management AB lifted its holdings in Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after purchasing an additional 337,905 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after purchasing an additional 100,550 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.2 %

Shares of Mastercard stock opened at $524.69 on Thursday. The firm has a market capitalization of $478.36 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. 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 company’s fifty day moving average price is $545.31 and its two-hundred day moving average price is $522.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has initiated a stock buyback program 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday. Oppenheimer dropped their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research report on Friday, January 31st. KeyCorp boosted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four equities research 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 stock. Based on data from MarketBeat.com, the company presently 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.