Lyell Wealth Management LP Buys 515 Shares of Mastercard Incorporated (NYSE:MA)

Lyell Wealth Management LP raised its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,578 shares of the credit services provider’s stock after buying an additional 515 shares during the quarter. Lyell Wealth Management LP’s holdings in Mastercard were worth $8,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Global Retirement Partners LLC lifted its position in Mastercard by 2.4% during the 4th quarter. Global Retirement Partners LLC now owns 11,968 shares of the credit services provider’s stock valued at $6,302,000 after purchasing an additional 285 shares during the period. Semus Wealth Partners LLC raised its holdings in shares of Mastercard by 5.0% in the fourth quarter. Semus Wealth Partners LLC now owns 3,230 shares of the credit services provider’s stock valued at $1,701,000 after purchasing an additional 155 shares during the last quarter. SilverOak Wealth Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at $214,000. Beirne Wealth Consulting Services LLC bought a new position in shares of Mastercard in the fourth quarter valued at $211,000. Finally, Atlas Legacy Advisors LLC bought a new position in Mastercard during the fourth quarter worth $749,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $567.90 on Wednesday. The stock has a market cap of $521.24 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business has a 50-day simple moving average of $537.10 and a 200-day simple moving average of $511.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94.

Mastercard (NYSE:MA) last released its quarterly 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 return on equity of 188.47% and a net margin of 45.71%. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has authorized a stock repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Barclays lifted their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, BMO Capital Markets upped their price objective on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

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.