Mastercard Incorporated (NYSE:MA) Stock Holdings Raised by Sendero Wealth Management LLC

Sendero Wealth Management LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,677 shares of the credit services provider’s stock after purchasing an additional 172 shares during the quarter. Sendero Wealth Management LLC’s holdings in Mastercard were worth $2,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldstein Advisors LLC increased its holdings in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the period. Community Bank N.A. boosted its stake in Mastercard by 0.9% during the 3rd 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 in the last quarter. Raab & Moskowitz Asset Management LLC raised its position in Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after acquiring an additional 20 shares in the last quarter. Boltwood Capital Management lifted its stake in Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after purchasing an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC boosted its stake in shares of Mastercard by 1.4% during the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after acquiring an additional 20 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. KeyCorp lifted their price objective on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their target price on shares of Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Four 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 stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Up 2.6 %

Shares of NYSE MA opened at $522.41 on Thursday. The stock has a market capitalization of $479.48 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70. The company has a 50-day moving average price of $524.14 and a 200-day moving average price of $493.23.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 19.97%.

Mastercard announced that its board has authorized a share buyback plan 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mastercard Company 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.