Mastercard Incorporated $MA Stock Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in Mastercard Incorporated (NYSE:MA) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,585 shares of the credit services provider’s stock after buying an additional 3,095 shares during the quarter. Mastercard comprises approximately 0.8% of Vanguard Personalized Indexing Management LLC’s holdings, making the stock its 16th largest position. Vanguard Personalized Indexing Management LLC’s holdings in Mastercard were worth $76,027,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. LGT Financial Advisors LLC purchased a new position in Mastercard in the 2nd quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Mastercard during the second quarter worth approximately $29,000. Robbins Farley grew its holdings in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Mastercard in the second quarter valued at about $31,000. Finally, True Wealth Design LLC increased its holdings in Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI set a $610.00 price objective on Mastercard in a report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a report on Thursday, October 30th. Tigress Financial upped their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $661.24.

Mastercard Stock Down 1.5%

MA opened at $524.67 on Monday. The company has a market capitalization of $471.15 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.78 and a beta of 0.86. The firm’s fifty day moving average price is $554.82 and its two-hundred day moving average price is $565.36. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the business posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is presently 22.25%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.