Cardano Risk Management B.V. grew its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 2.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 368,690 shares of the credit services provider’s stock after purchasing an additional 9,611 shares during the period. Mastercard accounts for 3.0% of Cardano Risk Management B.V.’s portfolio, making the stock its 10th biggest position. Cardano Risk Management B.V.’s holdings in Mastercard were worth $194,141,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in Mastercard in the 2nd quarter valued at $35,000. First Personal Financial Services purchased a new stake in Mastercard in the 3rd quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
Analysts Set New Price Targets
MA has been the subject of several research reports. Oppenheimer reduced their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Citigroup upped their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Bank of America upped their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen upped their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Mizuho upped their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $566.13.
Mastercard Price Performance
NYSE MA traded down $1.02 during trading hours on Monday, reaching $503.65. The company’s stock had a trading volume of 1,280,005 shares, compared to its average volume of 2,293,949. The stock has a market cap of $462.27 billion, a PE ratio of 38.10, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $425.48 and a fifty-two week high of $537.70. The company’s 50-day moving average is $524.09 and its two-hundred day moving average is $492.31. 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 (NYSE:MA – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.39 EPS. Analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.
Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Mastercard Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.
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.
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