MGB Wealth Management LLC Purchases Shares of 515 Mastercard Incorporated (NYSE:MA)

MGB Wealth Management LLC acquired a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 515 shares of the credit services provider’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Hemington Wealth Management grew its position in shares of Mastercard by 2.6% during the fourth quarter. Hemington Wealth Management now owns 2,051 shares of the credit services provider’s stock worth $1,080,000 after purchasing an additional 52 shares in the last quarter. Park Capital Management LLC WI purchased a new stake in Mastercard during the 4th quarter valued at approximately $776,000. Ingalls & Snyder LLC grew its holdings in Mastercard by 3.4% during the 4th quarter. Ingalls & Snyder LLC now owns 15,561 shares of the credit services provider’s stock valued at $8,194,000 after buying an additional 517 shares in the last quarter. Consolidated Planning Corp bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $4,019,000. Finally, Warren Street Wealth Advisors LLC lifted its holdings in shares of Mastercard by 6.1% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,111 shares of the credit services provider’s stock worth $585,000 after buying an additional 64 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA opened at $564.33 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a fifty day moving average of $533.07 and a 200 day moving average of $507.89. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The stock has a market cap of $517.96 billion, a P/E ratio of 40.63, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current year.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued 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 payout ratio is 21.89%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. Mizuho lifted their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Oppenheimer dropped their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

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.