Princeton Capital Management LLC Invests $773,000 in Mastercard (MA)

Princeton Capital Management LLC bought a new stake in Mastercard (NYSE:MA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,107 shares of the credit services provider’s stock, valued at approximately $773,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. increased its holdings in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in Mastercard during the 3rd quarter valued at about $102,000. Wealthcare Advisory Partners LLC purchased a new position in Mastercard during the 3rd quarter valued at about $106,000. Trustcore Financial Services LLC purchased a new position in Mastercard during the 4th quarter valued at about $120,000. Finally, Cerebellum GP LLC purchased a new position in Mastercard during the 4th quarter valued at about $133,000. 76.09% of the stock is owned by institutional investors.

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Mastercard (MA) opened at $171.83 on Monday. Mastercard has a twelve month low of $110.33 and a twelve month high of $183.73. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $180,659.33, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. sell-side analysts expect that Mastercard will post 5.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 27.40%.

Mastercard announced that its board has authorized a stock repurchase program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts recently issued reports on the company. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target on the stock in a report on Wednesday, February 21st. Piper Jaffray boosted their price target on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley boosted their price target on Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Barclays boosted their price target on Mastercard from $178.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price target on Mastercard to $198.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $177.40.

In related news, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total value of $5,526,516.32. Following the sale, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. Insiders sold a total of 53,745 shares of company stock worth $9,222,084 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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