Intelligence Driven Advisers LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,021 shares of the credit services provider’s stock after selling 20 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Mastercard were worth $1,591,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter valued at $25,000. First Personal Financial Services acquired a new position in Mastercard in the third quarter valued at about $39,000. FSA Wealth Management LLC bought a new stake in Mastercard during the third quarter worth about $54,000. Raelipskie Partnership raised its stake in shares of Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.
Mastercard Stock Down 0.1 %
Mastercard stock opened at $564.33 on Thursday. The company has a 50 day moving average of $533.94 and a 200-day moving average of $508.28. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The stock has a market capitalization of $517.96 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.
Mastercard Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.
Mastercard announced that its board has initiated a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MA. Raymond James reiterated an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. TD Cowen raised their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $603.08.
Mastercard 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.
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