Mastercard Incorporated (NYSE:MA) Shares Purchased by OMC Financial Services LTD

OMC Financial Services LTD grew its position in Mastercard Incorporated (NYSE:MA) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,485 shares of the credit services provider’s stock after purchasing an additional 24 shares during the period. Mastercard comprises about 8.4% of OMC Financial Services LTD’s portfolio, making the stock its 3rd largest position. OMC Financial Services LTD’s holdings in Mastercard were worth $19,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC grew its holdings in 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 worth $1,651,000 after purchasing an additional 19 shares during the period. Capital Investment Services of America Inc. boosted its position in shares of Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares in the last quarter. Goldstein Advisors LLC grew its stake in shares of Mastercard by 1.3% in the 3rd 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. increased its position in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after buying an additional 20 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its stake in Mastercard by 1.5% during the 3rd 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 during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $562.55 on Monday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The stock has a market capitalization of $516.33 billion, a P/E ratio of 40.50, a PEG ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The firm’s 50 day moving average is $531.61 and its 200 day moving average is $505.53.

Mastercard (NYSE:MA) last posted its quarterly 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 return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is presently 21.89%.

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

Analyst Ratings Changes

A number of equities research analysts have commented on MA shares. Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Morgan Stanley decreased their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $603.08.

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.