Brady Martz Wealth Solutions LLC Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Brady Martz Wealth Solutions LLC acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 829 shares of the credit services provider's stock, valued at approximately $422,000.

A number of other large investors have also bought and sold shares of MA. Highline Wealth Partners LLC acquired a new stake in Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at $39,000. Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock worth $43,000 after buying an additional 37 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Mastercard during the third quarter worth $54,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. KeyCorp upped their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Morgan Stanley boosted their target price on Mastercard from $564.00 to $654.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an "overweight" rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. UBS Group increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Mizuho lifted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $566.63.

Mastercard Price Performance

Shares of MA stock traded up $2.08 during trading hours on Friday, reaching $525.22. The company's stock had a trading volume of 2,373,992 shares, compared to its average volume of 2,205,146. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a fifty-two week low of $427.45 and a fifty-two week high of $537.70. The company has a market capitalization of $482.06 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10. The firm's 50 day simple moving average is $524.28 and its 200-day simple moving average is $494.59.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.27 billion. During the same quarter in the previous year, the business posted $3.39 earnings per share. The business's revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 14.46 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This is an increase from Mastercard's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. Mastercard's dividend payout ratio is presently 19.97%.

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.