First National Advisers LLC Purchases 449 Shares of Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

First National Advisers LLC boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,781 shares of the credit services provider’s stock after acquiring an additional 449 shares during the quarter. Mastercard accounts for 1.2% of First National Advisers LLC’s holdings, making the stock its 14th largest holding. First National Advisers LLC’s holdings in Mastercard were worth $7,257,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in Mastercard in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC boosted its position in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted its position in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after buying an additional 58 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 1.5 %

MA opened at $527.87 on Friday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $481.27 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a fifty day moving average price of $545.38 and a two-hundred day moving average price of $522.78.

Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced 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 shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. KeyCorp lifted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Citigroup lifted their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

View Our Latest Research Report on Mastercard

Mastercard Company Profile

(Free Report)

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.

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