Midland Wealth Advisors LLC Has $853,000 Holdings in Mastercard Incorporated (NYSE:MA)

Midland Wealth Advisors LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,619 shares of the credit services provider’s stock after selling 46 shares during the period. Midland Wealth Advisors LLC’s holdings in Mastercard were worth $853,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swedbank AB grew its stake in Mastercard by 14.8% in the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after buying an additional 241,297 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the period. Washington Trust Advisors Inc. boosted its holdings in Mastercard by 29.1% during the third quarter. Washington Trust Advisors Inc. now owns 337 shares of the credit services provider’s stock valued at $166,000 after acquiring an additional 76 shares during the period. Field & Main Bank grew its position in shares of Mastercard by 3.6% in the third quarter. Field & Main Bank now owns 2,235 shares of the credit services provider’s stock valued at $1,104,000 after purchasing an additional 77 shares during the last quarter. Finally, First Personal Financial Services bought a new position in shares of Mastercard in the third quarter worth about $39,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 0.5 %

Shares of NYSE MA opened at $546.98 on Monday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The firm’s 50-day simple moving average is $545.15 and its 200 day simple moving average is $521.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $498.68 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its Board of Directors has approved a stock 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 buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MA shares. Barclays increased their target price on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. TD Cowen increased 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, Citigroup boosted their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

About Mastercard

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.