Mastercard Incorporated (NYSE:MA) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493 shares of the credit services provider’s stock after purchasing an additional 18 shares during the period. Addison Advisors LLC’s holdings in Mastercard were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in Mastercard in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $30,000. FPC Investment Advisory Inc. raised its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the last quarter. First Personal Financial Services bought a new position in Mastercard during the 3rd quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in Mastercard during the 3rd quarter worth approximately $55,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $558.44 on Tuesday. The firm has a market capitalization of $509.13 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.37 and a beta of 1.10. The firm’s fifty day simple moving average is $539.55 and its 200 day simple moving average is $514.96. The company has a current ratio of 1.03, a quick 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.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has approved a stock buyback program 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 repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MA shares. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. Barclays lifted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Jefferies Financial Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

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.