Bey Douglas LLC Has $4.70 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Bey Douglas LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,929 shares of the credit services provider’s stock after selling 65 shares during the quarter. Mastercard accounts for 4.1% of Bey Douglas LLC’s holdings, making the stock its 13th largest holding. Bey Douglas LLC’s holdings in Mastercard were worth $4,702,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MA. State Street Corp lifted its holdings in shares of Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. FMR LLC increased its position in Mastercard by 3.4% during 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 in the last quarter. Geode Capital Management LLC increased its position in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after purchasing an additional 453,773 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after buying an additional 304,293 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a report on Tuesday, February 4th. Macquarie lifted their price target on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Citigroup boosted their price target on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Up 0.3 %

Shares of Mastercard stock opened at $566.02 on Friday. The stock’s 50-day moving average is $533.94 and its 200 day moving average is $508.28. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The firm has a market cap of $519.51 billion, a price-to-earnings ratio of 40.75, a PEG 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 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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%. Equities research analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.