Wealthstream Advisors Inc. Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

Wealthstream Advisors Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 614 shares of the credit services provider’s stock after acquiring an additional 27 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Mastercard were worth $323,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MA. Temasek Holdings Private Ltd grew its stake in Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Dock Street Asset Management Inc. lifted its holdings in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares during the period. Cardano Risk Management B.V. grew its position in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after buying an additional 9,611 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Tigress Financial increased their target price on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley lowered their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Performance

Shares of MA opened at $557.44 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day moving average of $538.98 and a two-hundred day moving average of $514.23. The stock has a market cap of $508.22 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is currently 21.89%.

Mastercard announced that its board has approved a stock repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are 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.