Tandem Capital Management Corp ADV Buys New Holdings in Mastercard Incorporated (NYSE:MA)

Tandem Capital Management Corp ADV bought a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 389 shares of the credit services provider’s stock, valued at approximately $205,000.

Other large investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at $25,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Mastercard in the third quarter valued at $54,000. Raelipskie Partnership increased its stake in shares of Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after buying an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard in the third quarter valued at $55,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen raised their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp raised their target price on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Macquarie raised their target price on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $599.42.

Mastercard Stock Up 1.6 %

Shares of Mastercard stock opened at $564.48 on Tuesday. The business’s 50 day simple moving average is $528.28 and its 200 day simple moving average is $501.78. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The firm has a market cap of $518.10 billion, a PE ratio of 40.64, a P/E/G ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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 return on equity of 188.47% and a net margin of 45.71%. On average, analysts predict that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership 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.