Oak Harvest Investment Services Purchases 400 Shares of Mastercard Incorporated (NYSE:MA)

Oak Harvest Investment Services lifted its position in Mastercard Incorporated (NYSE:MA) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,830 shares of the credit services provider’s stock after acquiring an additional 400 shares during the quarter. Oak Harvest Investment Services’ holdings in Mastercard were worth $3,070,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the second quarter valued at approximately $34,000. First Personal Financial Services acquired a new stake in Mastercard in the third quarter valued at approximately $39,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Mastercard during the 3rd quarter valued at $55,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Macquarie raised 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. Citigroup lifted their price target on Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $567.29.

Mastercard Trading Up 2.9 %

Shares of NYSE MA opened at $564.81 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $518.40 billion, a PE ratio of 42.72, a PEG ratio of 2.17 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The stock has a fifty day simple moving average of $526.58 and a 200-day simple moving average of $499.80.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. On average, equities analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio is currently 23.00%.

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 shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.