CFM Wealth Partners LLC Purchases 134 Shares of Mastercard Incorporated (NYSE:MA)

CFM Wealth Partners LLC grew its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,690 shares of the credit services provider’s stock after purchasing an additional 134 shares during the quarter. Mastercard makes up about 1.3% of CFM Wealth Partners LLC’s portfolio, making the stock its 19th largest position. CFM Wealth Partners LLC’s holdings in Mastercard were worth $7,735,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. CCG Wealth Management LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $210,000. Valley National Advisers Inc. raised its holdings in Mastercard by 106.8% during the fourth quarter. Valley National Advisers Inc. now owns 395 shares of the credit services provider’s stock worth $207,000 after buying an additional 204 shares during the last quarter. Level Wealth Management LLC acquired a new position in Mastercard during the fourth quarter worth $474,000. Western Pacific Wealth Management LP raised its holdings in Mastercard by 2.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,172 shares of the credit services provider’s stock worth $617,000 after buying an additional 32 shares during the last quarter. Finally, SkyOak Wealth LLC raised its holdings in Mastercard by 21.4% during the fourth quarter. SkyOak Wealth LLC now owns 1,700 shares of the credit services provider’s stock worth $895,000 after buying an additional 300 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $555.63 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $509.97 billion, a PE ratio of 40.00, a P/E/G ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The company has a 50-day moving average price of $528.28 and a two-hundred day moving average price of $501.43.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Equities analysts forecast that Mastercard Incorporated will post 16.04 EPS for the current year.

Mastercard announced that its board has approved a share buyback 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 repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is presently 21.89%.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Oppenheimer lowered their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Macquarie upped their price objective on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen upped their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a report on Friday. Finally, Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $595.64.

About Mastercard

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.