MOKAN Wealth Management Inc. Makes New $1.22 Million Investment in Mastercard Incorporated (NYSE:MA)

MOKAN Wealth Management Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,312 shares of the credit services provider’s stock, valued at approximately $1,217,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Mastercard by 5.8% during the 3rd quarter. Creative Planning now owns 205,594 shares of the credit services provider’s stock worth $101,523,000 after acquiring an additional 11,331 shares during the period. Swedbank AB raised its holdings in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after acquiring an additional 241,297 shares during the period. Secure Asset Management LLC purchased a new stake in Mastercard in the 3rd quarter valued at about $233,000. Ellsworth Advisors LLC purchased a new stake in Mastercard in the 3rd quarter valued at about $209,000. Finally, Sax Wealth Advisors LLC raised its holdings in Mastercard by 3.9% in the 3rd quarter. Sax Wealth Advisors LLC now owns 1,077 shares of the credit services provider’s stock valued at $532,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $640.00 price objective (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

MA stock opened at $564.77 on Friday. The company has a market capitalization of $518.36 billion, a P/E ratio of 40.66, a PEG ratio of 2.37 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 business has a 50 day simple moving average of $535.49 and a 200-day simple moving average of $509.54. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current year.

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 issued 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 dividend payout ratio (DPR) is 21.89%.

Mastercard announced that its board has authorized a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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.