Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 164,448 shares of the credit services provider’s stock, valued at approximately $83,644,000. Mastercard makes up about 1.7% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 15th biggest holding.
Other institutional investors and hedge funds also recently 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 during the last quarter. Community Bank N.A. grew its holdings in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC grew its holdings in shares of 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 during the period. Boltwood Capital Management lifted its holdings in Mastercard by 1.0% in the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after acquiring an additional 20 shares during the period. Finally, Traveka Wealth LLC boosted its holdings in shares of Mastercard by 1.4% in the fourth quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
Mastercard Stock Down 0.1 %
NYSE:MA opened at $533.50 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day simple moving average of $524.77 and a 200 day simple moving average of $497.46. Mastercard Incorporated has a one year low of $428.86 and a one year high of $537.70. The company has a market capitalization of $489.66 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.
Mastercard announced that its board has authorized a share repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Mastercard Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.76 per share. This is an increase 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%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is presently 23.00%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MA. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Finally, TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $567.29.
Check Out Our Latest Stock Analysis on Mastercard
About Mastercard
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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