1,101 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Crews Bank & Trust

Crews Bank & Trust acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,101 shares of the credit services provider's stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock worth $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Bank of Montreal Can grew its holdings in Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider's stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. FMR LLC increased its position in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock valued at $9,043,972,000 after purchasing an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position in shares of Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider's stock worth $573,017,000 after purchasing an additional 409,334 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Oppenheimer dropped their price target on Mastercard from $591.00 to $588.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Macquarie lifted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Barclays increased their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $580.00 to $618.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $567.29.

Mastercard Price Performance

Shares of MA stock traded up $16.01 during mid-day trading on Thursday, hitting $564.81. 6,004,121 shares of the stock traded hands, compared to its average volume of 2,783,426. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $518.40 billion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company's 50-day simple moving average is $526.58 and its 200-day simple moving average is $499.80. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. As a group, equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard announced that its board has approved a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. This is an increase from Mastercard's previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard's dividend payout ratio is currently 23.00%.

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.