Impact Capital Partners LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Impact Capital Partners LLC bought a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,320 shares of the credit services provider’s stock, valued at approximately $1,222,000.

Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter worth about $32,000. Truvestments Capital LLC grew its position in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its position in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after buying an additional 58 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the subject of several research reports. Oppenheimer reduced their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Piper Sandler reissued an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada raised their price objective 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 increased their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

Shares of NYSE MA opened at $524.69 on Thursday. 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 firm has a market capitalization of $478.36 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.37 and a beta of 1.10. The stock’s 50-day simple moving average is $545.31 and its two-hundred day simple moving average is $522.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is presently 21.89%.

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

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.