Cohen Capital Management Inc. Has $3.88 Million Holdings in Mastercard Incorporated (NYSE:MA)

Cohen Capital Management Inc. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,366 shares of the credit services provider’s stock after selling 45 shares during the period. Cohen Capital Management Inc.’s holdings in Mastercard were worth $3,879,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MA. Highline Wealth Partners LLC acquired a new stake in Mastercard during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. First Personal Financial Services acquired a new stake in Mastercard in the 3rd quarter valued at $39,000. FPC Investment Advisory Inc. grew its position in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Mastercard during the third quarter worth $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.0 %

NYSE:MA opened at $557.44 on Friday. 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94. The firm has a market capitalization of $508.22 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.37 and a beta of 1.10. The business’s 50-day moving average price is $538.98 and its two-hundred day moving average price is $513.78.

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

Mastercard announced that its board has initiated a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Macquarie lifted their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley decreased their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

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.