Mastercard Incorporated (NYSE:MA) Shares Purchased by McDonough Capital Management Inc

McDonough Capital Management Inc increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,456 shares of the credit services provider's stock after purchasing an additional 455 shares during the quarter. Mastercard accounts for approximately 4.1% of McDonough Capital Management Inc's investment portfolio, making the stock its 9th largest holding. McDonough Capital Management Inc's holdings in Mastercard were worth $6,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Addison Advisors LLC lifted its stake in shares of Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after acquiring an additional 19 shares in the last quarter. Capital Investment Services of America Inc. lifted its stake in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after acquiring an additional 19 shares in the last quarter. Augustine Asset Management Inc. lifted its stake in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after acquiring an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC lifted its stake in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

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Mastercard Stock Performance

MA stock traded down $2.84 during trading on Friday, reaching $546.98. 3,161,263 shares of the stock were exchanged, compared to its average volume of 2,646,326. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a market capitalization of $498.68 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock has a 50 day simple moving average of $545.15 and a 200-day simple moving average of $520.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Mastercard declared that its board has authorized a stock repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. 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. Jefferies Financial Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Monness Crespi & Hardt upgraded 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. Royal Bank of Canada upped their price objective on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, 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. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $606.11.

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.