Copperleaf Capital LLC Has $2.02 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Copperleaf Capital LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 14.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,829 shares of the credit services provider’s stock after purchasing an additional 477 shares during the period. Mastercard makes up about 1.3% of Copperleaf Capital LLC’s holdings, making the stock its 22nd largest holding. Copperleaf Capital LLC’s holdings in Mastercard were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Temasek Holdings Private Ltd raised its stake in Mastercard by 2.3% during 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. raised its stake in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Nordea Investment Management AB raised its stake in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the last quarter. Dock Street Asset Management Inc. raised its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MA. Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Oppenheimer lowered their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

Mastercard stock opened at $564.77 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The company has a market cap of $518.36 billion, a PE ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10. The company’s 50-day moving average is $535.49 and its two-hundred day moving average is $509.54.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating 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 analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is 21.89%.

Mastercard announced that its Board of Directors has authorized a share repurchase 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 generally a sign that the company’s board of directors believes its stock is undervalued.

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.