Mastercard Incorporated (NYSE:MA) Stock Holdings Decreased by James Investment Research Inc.

James Investment Research Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,314 shares of the credit services provider's stock after selling 448 shares during the quarter. Mastercard comprises approximately 1.4% of James Investment Research Inc.'s portfolio, making the stock its 12th largest holding. James Investment Research Inc.'s holdings in Mastercard were worth $11,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Temasek Holdings Private Ltd boosted its stake in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the period. Cardano Risk Management B.V. grew its holdings in shares of Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock worth $194,141,000 after buying an additional 9,611 shares during the last quarter. Nordea Investment Management AB increased its position in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock valued at $1,325,353,000 after acquiring an additional 337,905 shares during the period. Dock Street Asset Management Inc. raised its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after acquiring an additional 2,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock worth $2,474,151,000 after acquiring an additional 100,550 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Morgan Stanley decreased their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a report on Friday, January 31st. KeyCorp raised their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Oppenheimer reduced their price objective on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $606.11.

Mastercard Trading Down 0.0 %

MA stock traded down $0.27 during midday trading on Wednesday, reaching $568.34. 914,587 shares of the company's stock traded hands, compared to its average volume of 2,557,892. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The business has a 50-day moving average price of $537.10 and a two-hundred day moving average price of $511.77. The company has a market capitalization of $521.64 billion, a P/E ratio of 40.88, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.89%.

Mastercard declared that its board has authorized a share repurchase plan 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 plans are often an indication that the company's board of directors believes its stock is undervalued.

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.