Onefund LLC Acquires 63 Shares of Mastercard Incorporated (NYSE:MA)

Onefund LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,229 shares of the credit services provider’s stock after purchasing an additional 63 shares during the period. Mastercard comprises approximately 1.1% of Onefund LLC’s investment portfolio, making the stock its 16th biggest position. Onefund LLC’s holdings in Mastercard were worth $1,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $30,000. FPC Investment Advisory Inc. grew its stake in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter worth $39,000. Highline Wealth Partners LLC grew its stake in shares of Mastercard by 72.5% in the fourth quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 37 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard in the third quarter worth $55,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Macquarie raised their price objective on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. KeyCorp raised their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research report on Tuesday, February 4th. 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. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Performance

Mastercard stock opened at $576.08 on Friday. The stock has a 50-day simple moving average of $542.83 and a 200 day simple moving average of $517.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The stock has a market capitalization of $525.22 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10.

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%. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its board has initiated a stock 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are 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.