Regent Peak Wealth Advisors LLC Makes New Investment in Mastercard Incorporated $MA

Regent Peak Wealth Advisors LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,993 shares of the credit services provider’s stock, valued at approximately $1,134,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new stake in Mastercard in the 2nd quarter valued at about $29,000. Finally, Robbins Farley grew its stake in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

MA opened at $579.38 on Friday. The firm has a market capitalization of $520.28 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87. The business’s 50-day moving average is $555.26 and its two-hundred day moving average is $565.87. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the previous year, the firm earned $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Tigress Financial lifted their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada raised their target price on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $657.48.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.