Jag Capital Management LLC Has $19.73 Million Stake in Mastercard Incorporated (NYSE:MA)

Jag Capital Management LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,462 shares of the credit services provider's stock after selling 7,265 shares during the quarter. Mastercard accounts for about 2.8% of Jag Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Jag Capital Management LLC's holdings in Mastercard were worth $19,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider's stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the period. FMR LLC grew its position in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock worth $9,043,972,000 after acquiring an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its holdings in Mastercard by 52.8% in 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 acquiring an additional 409,334 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.7 %

Shares of MA stock traded up $3.74 on Wednesday, hitting $558.81. The company's stock had a trading volume of 2,756,007 shares, compared to its average volume of 2,600,068. The stock has a market capitalization of $509.47 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm's fifty day moving average price is $544.12 and its 200-day moving average price is $519.37. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio is 21.89%.

Mastercard announced that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MA shares. Royal Bank of Canada raised their price target on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Citigroup raised their target price on Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Monness Crespi & Hardt upgraded shares of Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. Finally, Susquehanna upped their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

About Mastercard

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.