Red Door Wealth Management LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Red Door Wealth Management LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 888 shares of the credit services provider’s stock after buying an additional 255 shares during the quarter. Red Door Wealth Management LLC’s holdings in Mastercard were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter worth about $34,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter valued at approximately $39,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the 3rd quarter valued at approximately $54,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.2 %

Shares of Mastercard stock opened at $533.77 on Friday. The stock has a market cap of $489.91 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The firm has a fifty day moving average price of $524.27 and a 200 day moving average price of $496.23. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $537.70. 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 (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. 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. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Jefferies Financial Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. KeyCorp increased their price target 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. UBS Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Finally, Citigroup boosted their price objective on shares of Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $566.63.

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.