Mastercard Incorporated (NYSE:MA) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 58,182 shares of the credit services provider's stock after acquiring an additional 831 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Mastercard were worth $30,639,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Haven Private LLC acquired a new stake in Mastercard during the 4th quarter worth $654,000. Andra AP fonden boosted its stake in Mastercard by 115.9% during the 4th quarter. Andra AP fonden now owns 80,100 shares of the credit services provider's stock worth $42,178,000 after purchasing an additional 43,000 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Mastercard during the 4th quarter worth $1,540,000. Marco Investment Management LLC boosted its stake in Mastercard by 7.7% during the 4th quarter. Marco Investment Management LLC now owns 575 shares of the credit services provider's stock worth $303,000 after purchasing an additional 41 shares during the last quarter. Finally, Barden Capital Management Inc. boosted its stake in Mastercard by 1.1% during the 4th quarter. Barden Capital Management Inc. now owns 4,014 shares of the credit services provider's stock worth $2,114,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Citigroup boosted their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target 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. Royal Bank of Canada boosted their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Barclays boosted their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $606.11.

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Mastercard Stock Down 0.5 %

Shares of Mastercard stock traded down $2.84 on Friday, reaching $546.98. 3,161,263 shares of the company were exchanged, compared to its average volume of 2,646,326. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a market cap 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 company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock's 50 day moving average price is $545.15 and its 200-day moving average price is $520.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio is presently 21.89%.

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.