Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 489 Shares of Mastercard Incorporated (NYSE:MA)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,467 shares of the credit services provider's stock after selling 489 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Mastercard were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB increased its holdings in shares of Mastercard by 14.8% in the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider's stock worth $925,662,000 after acquiring an additional 241,297 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Mastercard by 6.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 1,717 shares of the credit services provider's stock worth $848,000 after acquiring an additional 104 shares in the last quarter. Radnor Capital Management LLC grew its holdings in shares of Mastercard by 28.8% during the third quarter. Radnor Capital Management LLC now owns 2,462 shares of the credit services provider's stock worth $1,216,000 after buying an additional 550 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Mastercard during the third quarter worth about $634,000. Finally, Wealth Architects LLC grew its holdings in shares of Mastercard by 2.6% during the third quarter. Wealth Architects LLC now owns 1,517 shares of the credit services provider's stock worth $749,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Remove Ads

Mastercard Stock Performance

NYSE:MA traded down $2.84 during mid-day trading on Friday, hitting $546.98. 3,161,263 shares of the stock were exchanged, compared to its average volume of 2,646,326. The stock has a market capitalization of $498.68 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm's 50-day simple moving average is $545.15 and its 200 day simple moving average is $520.77. 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 fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last released 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%. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a share 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 stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 0.56%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. DZ Bank upgraded 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. BMO Capital Markets increased their price objective on Mastercard from $550.00 to $565.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Susquehanna increased their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. Finally, Tigress Financial increased their price objective on Mastercard from $550.00 to $685.00 and gave the stock a "strong-buy" rating in a report on Thursday, February 13th. Four investment 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 company's stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average 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.