Asset Dedication LLC Has $239,000 Position in Mastercard Incorporated (MA)

Asset Dedication LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 1,777.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,615 shares of the credit services provider’s stock after purchasing an additional 1,529 shares during the quarter. Asset Dedication LLC’s holdings in Mastercard were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. NEXT Financial Group Inc increased its position in shares of Mastercard by 10.3% in the fourth quarter. NEXT Financial Group Inc now owns 5,984 shares of the credit services provider’s stock valued at $906,000 after acquiring an additional 559 shares during the period. Bank of Montreal Can increased its position in shares of Mastercard by 10.6% in the fourth quarter. Bank of Montreal Can now owns 3,043,275 shares of the credit services provider’s stock valued at $460,630,000 after acquiring an additional 291,953 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at about $212,000. Convergence Investment Partners LLC purchased a new position in shares of Mastercard in the fourth quarter valued at about $211,000. Finally, USS Investment Management Ltd increased its position in shares of Mastercard by 29.4% in the fourth quarter. USS Investment Management Ltd now owns 1,935,000 shares of the credit services provider’s stock valued at $293,781,000 after acquiring an additional 440,000 shares during the period. Institutional investors own 75.79% of the company’s stock.

MA has been the topic of a number of analyst reports. Cowen restated a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Mizuho restated a “hold” rating and issued a $140.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Stephens initiated coverage on shares of Mastercard in a research report on Friday, October 13th. They issued an “overweight” rating and a $166.00 price objective on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Finally, Robert W. Baird boosted their price objective on shares of Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $176.64.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at $160.62 on Friday. Mastercard Incorporated has a 52 week low of $106.50 and a 52 week high of $177.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.57. The company has a market cap of $170,040.00, a PE ratio of 44.01, a P/E/G ratio of 1.57 and a beta of 1.26.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Mastercard’s quarterly revenue was up 20.2% on a year-over-year basis. analysts expect that Mastercard Incorporated will post 5.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is currently 27.40%.

Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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