Chemistry Wealth Management LLC Has $2.47 Million Position in Mastercard Incorporated (NYSE:MA)

Chemistry Wealth Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,694 shares of the credit services provider’s stock after purchasing an additional 35 shares during the quarter. Mastercard comprises 0.6% of Chemistry Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Chemistry Wealth Management LLC’s holdings in Mastercard were worth $2,472,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services purchased a new position in Mastercard during the 3rd quarter worth $39,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard during the 3rd quarter worth $55,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Finally, BMO Capital Markets boosted their price objective on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $566.63.

Mastercard Stock Up 0.4 %

Shares of NYSE MA opened at $525.22 on Friday. Mastercard Incorporated has a 12 month low of $427.45 and a 12 month high of $537.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $482.07 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10. The business has a 50-day moving average of $524.27 and a 200-day moving average of $493.64.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. Mastercard’s revenue was up 12.8% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors 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.