Cape ANN Savings Bank Has $240,000 Stake in Mastercard Incorporated (NYSE:MA)

Cape ANN Savings Bank reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 456 shares of the credit services provider’s stock after selling 130 shares during the quarter. Cape ANN Savings Bank’s holdings in Mastercard were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital Investment Advisory Services LLC increased its holdings in shares of Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares during the last quarter. Capital Investment Services of America Inc. lifted its position in Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after acquiring an additional 19 shares during the last quarter. Augustine Asset Management Inc. boosted its holdings in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after acquiring an additional 19 shares during the period. Goldstein Advisors LLC grew its position in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the last quarter. Finally, Community Bank N.A. increased its stake in shares of Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 20 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 1.0 %

Shares of Mastercard stock opened at $557.44 on Monday. The firm has a market cap of $508.22 billion, a PE ratio of 40.13, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $538.98 and a 200-day moving average price of $514.23.

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

Mastercard announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued 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 presently 21.89%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Tigress Financial boosted their target price on shares of Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 13th. Mizuho raised their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer cut their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Macquarie raised their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard 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.