Mastercard Incorporated (NYSE:MA) is Kampmann Melissa S.’s 9th Largest Position

Kampmann Melissa S. decreased its stake in Mastercard Incorporated (NYSE:MA) by 8.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,300 shares of the credit services provider’s stock after selling 775 shares during the quarter. Mastercard comprises approximately 3.4% of Kampmann Melissa S.’s portfolio, making the stock its 9th largest position. Kampmann Melissa S.’s holdings in Mastercard were worth $4,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the fourth quarter worth about $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter worth about $32,000. Truvestments Capital LLC lifted its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. lifted its stake in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. Barclays upped their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Raymond James restated an “outperform” rating and set a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of NYSE MA opened at $535.93 on Thursday. The stock has a fifty day moving average price of $546.56 and a two-hundred day moving average price of $523.92. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $488.61 billion, a P/E ratio of 38.58, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

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

Mastercard 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.