Mastercard Incorporated (NYSE:MA) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its position in Mastercard Incorporated (NYSE:MA) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,176 shares of the credit services provider’s stock after purchasing an additional 136 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Mastercard were worth $5,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in Mastercard in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter valued at approximately $34,000. First Personal Financial Services purchased a new position in Mastercard during the third quarter worth approximately $39,000. Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Mastercard during the third quarter worth $54,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Morgan Stanley lifted their target price on shares of Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Finally, Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Stock Performance

NYSE:MA opened at $525.22 on Monday. The company has a market cap of $482.06 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52 week low of $427.45 and a 52 week high of $537.70. The company has a fifty day simple moving average of $524.28 and a two-hundred day simple moving average of $494.59.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.39 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard announced that its board has authorized a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.