DecisionMap Wealth Management LLC Takes $391,000 Position in Mastercard Incorporated (NYSE:MA)

DecisionMap Wealth Management LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 742 shares of the credit services provider’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can lifted its holdings in Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after buying an additional 1,965,782 shares during the period. Raymond James Financial Inc. purchased a new stake in Mastercard in the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC lifted its holdings in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after buying an additional 1,553,329 shares during the period. FMR LLC lifted its holdings in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the period. Finally, Amundi lifted its holdings in Mastercard by 13.1% in the fourth quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock worth $2,532,541,000 after buying an additional 565,717 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.2 %

Shares of MA stock opened at $524.69 on Thursday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The firm has a fifty day moving average price of $545.31 and a 200-day moving average price of $522.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $478.36 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard declared that its board has authorized a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. 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 payout ratio is 21.89%.

Wall Street Analyst Weigh In

Several brokerages have commented on MA. UBS Group raised their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Susquehanna lifted their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Company 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.