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

Maia Wealth LLC raised its position in Mastercard Incorporated (NYSE:MA) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,898 shares of the credit services provider’s stock after acquiring an additional 655 shares during the quarter. Maia Wealth LLC’s holdings in Mastercard were worth $3,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. increased its holdings in Mastercard by 0.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,544 shares of the credit services provider’s stock worth $1,866,000 after purchasing an additional 28 shares during the period. Hickory Point Bank & Trust purchased a new position in Mastercard in the fourth quarter worth approximately $321,000. Purkiss Capital Advisors LLC acquired a new position in Mastercard during the 4th quarter worth approximately $714,000. PCG Asset Management LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $229,000. Finally, Mitchell Capital Management Co. raised its holdings in shares of Mastercard by 0.7% in the 4th quarter. Mitchell Capital Management Co. now owns 16,494 shares of the credit services provider’s stock valued at $8,685,000 after purchasing an additional 120 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 2.0 %

MA opened at $576.08 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. 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 $525.22 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10. The business has a 50 day simple moving average of $542.83 and a 200-day simple moving average of $517.61.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its Board of Directors has initiated 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 purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their target price on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays raised their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, KeyCorp increased their target price on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

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.