Mastercard Incorporated (NYSE:MA) Stock Holdings Boosted by King Wealth Management Group

King Wealth Management Group increased its position in Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,861 shares of the credit services provider’s stock after acquiring an additional 309 shares during the period. Mastercard makes up 1.3% of King Wealth Management Group’s portfolio, making the stock its 21st biggest position. King Wealth Management Group’s holdings in Mastercard were worth $8,878,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Temasek Holdings Private Ltd increased 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 valued at $1,385,383,000 after purchasing an additional 62,891 shares during the period. Cardano Risk Management B.V. increased its stake in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares during the period. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Mastercard by 15.6% in 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 period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 100,550 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA opened at $519.38 on Friday. The business’s 50-day simple moving average is $545.25 and its 200-day simple moving average is $522.03. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The firm has a market cap of $473.52 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MA shares. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Macquarie upped their price objective on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Oppenheimer lowered their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Citigroup lifted their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $606.11.

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.