HBK Sorce Advisory LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

HBK Sorce Advisory LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,666 shares of the credit services provider’s stock after buying an additional 283 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Mastercard were worth $3,510,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $32,000. Truvestments Capital LLC boosted its stake in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted its stake in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MA. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price for the company in a research note on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, 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 research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Down 0.2 %

MA opened at $524.69 on Thursday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $545.31 and a two-hundred day moving average of $522.05. The stock has a market capitalization 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 released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is 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.