Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by RMR Wealth Builders

by · The Markets Daily

RMR Wealth Builders increased its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,526 shares of the credit services provider’s stock after acquiring an additional 40 shares during the quarter. RMR Wealth Builders’ holdings in Mastercard were worth $2,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. International Assets Investment Management LLC raised its holdings in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Bank of Montreal Can lifted its holdings in shares of Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. FMR LLC boosted its position in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after buying an additional 409,334 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Mizuho raised their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Three 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $562.76.

View Our Latest Report on MA

Mastercard Trading Down 2.0 %

Shares of MA stock traded down $10.12 on Friday, reaching $505.52. 2,815,460 shares of the stock were exchanged, compared to its average volume of 2,472,708. The stock has a 50 day moving average price of $524.15 and a 200 day moving average price of $491.44. Mastercard Incorporated has a one year low of $425.48 and a one year high of $537.70. The stock has a market cap of $463.98 billion, a PE ratio of 38.24, a P/E/G ratio of 2.36 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Mastercard declared that its board has approved a share 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 typically a sign that the company’s board believes its stock is undervalued.

Mastercard Company Profile

(Free Report)

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.

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