Frank Rimerman Advisors LLC Has $6.94 Million Position in Mastercard Incorporated (NYSE:MA)

Frank Rimerman Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,184 shares of the credit services provider’s stock after purchasing an additional 150 shares during the quarter. Mastercard accounts for 0.5% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Frank Rimerman Advisors LLC’s holdings in Mastercard were worth $6,942,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Financial Group Corp purchased a new position in shares of Mastercard during the 4th quarter valued at $400,000. Harrington Investments INC boosted its holdings in Mastercard by 5.8% in the fourth quarter. Harrington Investments INC now owns 3,411 shares of the credit services provider’s stock worth $1,796,000 after purchasing an additional 186 shares in the last quarter. Clearstead Trust LLC boosted its holdings in Mastercard by 18.2% in the fourth quarter. Clearstead Trust LLC now owns 5,416 shares of the credit services provider’s stock worth $2,852,000 after purchasing an additional 833 shares in the last quarter. Copperwynd Financial LLC boosted its holdings in Mastercard by 2.6% in the fourth quarter. Copperwynd Financial LLC now owns 4,232 shares of the credit services provider’s stock worth $2,229,000 after purchasing an additional 106 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new stake in Mastercard in the fourth quarter worth $1,928,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA stock opened at $527.87 on Friday. The firm’s 50 day moving average price is $545.38 and its two-hundred day moving average price is $522.44. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $481.27 billion, a PE ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 net margin of 45.71% and a return on equity of 188.47%. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s payout ratio is 21.89%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MA shares. Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. 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 report on Friday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $606.11.

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.