RDA Financial Network Has $1.79 Million Position in Mastercard Incorporated (NYSE:MA)

RDA Financial Network boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,396 shares of the credit services provider’s stock after buying an additional 445 shares during the period. RDA Financial Network’s holdings in Mastercard were worth $1,788,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares in the last quarter. FMR LLC raised its position in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC raised its position in Mastercard by 2.5% in the 3rd 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 last quarter. International Assets Investment Management LLC lifted its stake in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after acquiring an additional 304,293 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1 %

NYSE:MA opened at $523.08 on Friday. The company has a market cap of $480.10 billion, a P/E ratio of 39.57, a P/E/G ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $425.48 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. The stock’s fifty day moving average price is $524.17 and its two-hundred day moving average price is $493.43.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 EPS. As a group, analysts expect that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 19.97%.

Analyst Ratings Changes

Several brokerages have recently commented on MA. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Citigroup lifted their target price on shares of Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a research report on Tuesday. 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. Finally, Macquarie lifted their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

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.