Tuttle Capital Management LLC Has $426,000 Stake in Mastercard Incorporated (NYSE:MA)

Tuttle Capital Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 34.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 809 shares of the credit services provider’s stock after buying an additional 208 shares during the period. Mastercard makes up 2.5% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Tuttle Capital Management LLC’s holdings in Mastercard were worth $426,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Goldstein Advisors LLC boosted its holdings in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. Community Bank N.A. raised its position in Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management grew its holdings in shares of Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after purchasing an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC grew its holdings in shares of Mastercard by 1.4% during the fourth quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock opened at $505.27 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52 week low of $425.48 and a 52 week high of $537.70. The stock has a 50 day moving average price of $524.08 and a two-hundred day moving average price of $492.75. The stock has a market capitalization of $463.75 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. UBS Group lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods increased their price objective on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets raised their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $566.13.

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.