Tidemark LLC Has $76,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Tidemark LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 21.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 144 shares of the credit services provider’s stock after purchasing an additional 25 shares during the quarter. Tidemark LLC’s holdings in Mastercard were worth $76,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC bought a new stake in Mastercard in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $30,000. Truvestments Capital LLC increased its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. lifted its holdings in 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 purchasing an additional 58 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. 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 has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Shares of MA opened at $527.87 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $481.27 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock’s 50-day moving average price is $545.38 and its two-hundred day moving average price is $522.78. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard declared that its board has initiated a share repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

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.