Core Wealth Partners LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Core Wealth Partners LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 35.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 963 shares of the credit services provider’s stock after buying an additional 251 shares during the quarter. Core Wealth Partners LLC’s holdings in Mastercard were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after purchasing an additional 377,302 shares during the period. State Street Corp raised its position in Mastercard by 0.7% in the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after purchasing an additional 257,312 shares during the period. FMR LLC lifted its stake in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after buying an additional 304,293 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Macquarie upped their price objective on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Susquehanna upped their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. 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 note on Friday, January 31st. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Trading Up 0.2 %

Mastercard stock opened at $544.74 on Wednesday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The stock has a market cap of $496.64 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. 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 $549.05 and a two-hundred day moving average of $525.90.

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

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.89%.

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.