Abacus Wealth Partners LLC Has $256,000 Holdings in Mastercard Incorporated (NYSE:MA)

Abacus Wealth Partners LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 15.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 487 shares of the credit services provider’s stock after acquiring an additional 66 shares during the period. Abacus Wealth Partners LLC’s holdings in Mastercard were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Temasek Holdings Private Ltd grew its holdings in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Nordea Investment Management AB grew its holdings in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Cardano Risk Management B.V. lifted its holdings in shares of Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after purchasing an additional 9,611 shares during the period. Sarasin & Partners LLP grew its stake in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird lifted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $566.63.

Mastercard Stock Up 0.4 %

MA opened at $525.22 on Tuesday. Mastercard Incorporated has a fifty-two week low of $427.45 and a fifty-two week high of $537.70. The firm has a market capitalization of $482.06 billion, a P/E ratio of 39.73, a PEG ratio of 2.09 and a beta of 1.10. The company’s 50-day moving average is $524.28 and its 200 day moving average is $494.92. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 EPS. Research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 23.00%.

Mastercard declared that its Board of Directors has authorized a share buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.