ORG Wealth Partners LLC Has $801,000 Position in Mastercard Incorporated (NYSE:MA)

ORG Wealth Partners LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,520 shares of the credit services provider’s stock after buying an additional 116 shares during the period. ORG Wealth Partners LLC’s holdings in Mastercard were worth $801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Bank of Montreal Can raised its holdings in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. FMR LLC boosted its position in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the period. Geode Capital Management LLC grew its holdings in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after acquiring an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after acquiring an additional 409,334 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 2.1 %

NYSE MA traded down $10.87 during trading on Friday, hitting $504.77. The company had a trading volume of 976,384 shares, compared to its average volume of 2,157,426. The company’s fifty day moving average is $524.15 and its 200-day moving average is $491.44. The company has a market cap of $463.29 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a one year low of $425.48 and a one year high of $537.70.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.39 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.76 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s payout ratio is currently 23.00%.

Analyst Ratings Changes

Several research analysts have commented on MA shares. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Finally, Morgan Stanley increased their price target on Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $562.76.

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.