Blake Schutter Theil Wealth Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 64.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 459 shares of the credit services provider's stock after selling 825 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC's holdings in Mastercard were worth $242,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MA. NewSquare Capital LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. FPC Investment Advisory Inc. lifted its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock worth $39,000 after buying an additional 58 shares during the period. Finally, First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter worth approximately $39,000. Institutional investors own 97.28% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on MA shares. Susquehanna raised their target price on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 target price for the company in a research report on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Tigress Financial lifted their price objective on Mastercard from $550.00 to $685.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 13th. Four 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, the company presently has an average rating of "Moderate Buy" and an average price target of $606.11.
Read Our Latest Stock Report on MA
Mastercard Stock Down 0.5 %
Shares of Mastercard stock traded down $2.84 during trading on Friday, reaching $546.98. The stock had a trading volume of 3,161,263 shares, compared to its average volume of 2,646,326. The company has a market capitalization of $498.68 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.37 and a beta of 1.10. The stock has a fifty day moving average price of $545.15 and a two-hundred day moving average price of $521.14. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.
Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.
Mastercard Announces Dividend
The business 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 dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard's payout ratio is presently 21.89%.
Mastercard declared that its Board of Directors 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
About Mastercard
(
Free Report)
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.
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