Regent Peak Wealth Advisors LLC Takes Position in Mastercard Incorporated $MA

by · The Markets Daily

Regent Peak Wealth Advisors LLC acquired a new position in Mastercard Incorporated (NYSE:MA – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,993 shares of the credit services provider’s stock, valued at approximately $1,134,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the first quarter worth about $27,000. Evolution Wealth Management Inc. purchased a new position in shares of Mastercard during the 2nd quarter valued at about $29,000. Finally, Robbins Farley grew its stake 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 during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MA shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Wells Fargo & Company decreased their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Macquarie increased their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Tigress Financial boosted their target price on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $657.48.

Read Our Latest Analysis on MA

Mastercard Stock Performance

Mastercard stock opened at $579.38 on Friday. The company’s 50-day moving average price is $555.26 and its 200-day moving average price is $565.87. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a market cap of $520.28 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is presently 19.44%.

Mastercard Profile

(Free Report)

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.

Further Reading

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