FPC Investment Advisory Inc. Purchases 58 Shares of Mastercard Incorporated (NYSE:MA)

FPC Investment Advisory Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 483.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70 shares of the credit services provider’s stock after purchasing an additional 58 shares during the quarter. FPC Investment Advisory Inc.’s holdings in Mastercard were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd boosted its stake in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Cardano Risk Management B.V. boosted its stake in Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after acquiring an additional 9,611 shares in the last quarter. Nordea Investment Management AB boosted its stake in Mastercard by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after acquiring an additional 337,905 shares in the last quarter. Dock Street Asset Management Inc. boosted its stake in Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James reissued an “outperform” rating and set a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. BMO Capital Markets raised their price objective 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. KeyCorp raised their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. Finally, Oppenheimer dropped their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Four equities 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

MA opened at $557.44 on Friday. The company 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 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 50-day moving average price of $538.98 and a 200-day moving average price of $513.78. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last posted its earnings results 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%. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Mastercard declared that its Board of Directors has approved a stock repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication 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.