Mastercard Incorporated (NYSE:MA) Stock Position Raised by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 168.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 429,578 shares of the credit services provider’s stock after acquiring an additional 269,456 shares during the period. Mastercard accounts for about 1.3% of Cibc World Markets Corp’s holdings, making the stock its 12th largest position. Cibc World Markets Corp’s holdings in Mastercard were worth $226,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MA. Bank of Montreal Can increased its holdings in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mastercard in the 4th quarter valued at approximately $837,017,000. Proficio Capital Partners LLC grew its holdings in Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC grew its holdings in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Finally, Amundi grew its holdings in shares of Mastercard by 13.1% during the 4th quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock worth $2,532,541,000 after purchasing an additional 565,717 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.5 %

MA stock opened at $527.87 on Monday. The company has a market cap of $481.27 billion, a P/E ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a fifty day moving average of $545.38 and a 200-day moving average of $523.14.

Mastercard (NYSE:MA) 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 research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its Board of Directors has approved a share repurchase 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 repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a report on Friday, January 31st. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. KeyCorp lifted their price objective on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley cut their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, UBS Group raised their target price on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average 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.