Mastercard Incorporated (NYSE:MA) Shares Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,002 shares of the credit services provider’s stock after purchasing an additional 1,528 shares during the period. Mastercard accounts for 1.0% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 21st biggest position. Tyche Wealth Partners LLC’s holdings in Mastercard were worth $4,740,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its holdings in shares of Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Goldstein Advisors LLC lifted its stake in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. Community Bank N.A. lifted its stake in Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC increased its holdings in shares of Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after buying an additional 20 shares in the last quarter. Finally, Boltwood Capital Management increased its holdings in shares of Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 1.2 %

Shares of Mastercard stock opened at $566.05 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The company has a 50-day moving average of $529.65 and a 200 day moving average of $503.41. The firm has a market cap of $519.53 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued 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 0.54%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 21.89%.

Mastercard declared that its board has approved a stock repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Citigroup boosted their price objective on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

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.