725 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 725 shares of the credit services provider’s stock, valued at approximately $382,000.

Several other institutional investors have also recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new position in Mastercard in the 3rd quarter valued at $25,000. First Personal Financial Services purchased a new stake in shares of Mastercard in the third quarter worth $39,000. FSA Wealth Management LLC bought a new stake in Mastercard during the third quarter valued at $54,000. Raelipskie Partnership grew its position in Mastercard by 120.0% during the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after buying an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard in the 3rd quarter worth about $55,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.8 %

NYSE MA opened at $555.63 on Friday. The business’s 50-day moving average is $528.28 and its 200 day moving average is $501.03. The stock has a market capitalization of $509.97 billion, a PE ratio of 42.03, a PEG ratio of 2.17 and a beta of 1.10. 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 Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Sell-side analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 23.00%.

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 outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Macquarie lifted their price target on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Susquehanna increased their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday. Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $595.64.

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.