HB Wealth Management LLC Has $12.24 Million Holdings in Mastercard Incorporated (NYSE:MA)

HB Wealth Management LLC grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,245 shares of the credit services provider's stock after purchasing an additional 3,558 shares during the quarter. HB Wealth Management LLC's holdings in Mastercard were worth $12,240,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Temasek Holdings Private Ltd grew its holdings in Mastercard by 2.3% in the 3rd 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 buying an additional 62,891 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Mastercard by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after purchasing an additional 337,905 shares during the period. Cardano Risk Management B.V. increased its holdings in shares of Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock worth $194,141,000 after purchasing an additional 9,611 shares during the period. Sarasin & Partners LLP boosted its stake in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock valued at $410,813,000 after buying an additional 37,486 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock worth $2,474,151,000 after buying an additional 100,550 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Up 0.4 %

Shares of Mastercard stock traded up $2.08 during midday trading on Friday, reaching $525.22. The company had a trading volume of 2,373,992 shares, compared to its average volume of 2,205,146. The firm has a market cap of $482.06 billion, a PE ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10. The stock has a fifty day moving average price of $524.28 and a 200 day moving average price of $494.24. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $427.45 and a fifty-two week high of $537.70.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. During the same period in the prior year, the company posted $3.39 earnings per share. Mastercard's revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.46 earnings per share for the current year.

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

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. 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 dividend yield of 0.58%. Mastercard's dividend payout ratio (DPR) is 19.97%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on Mastercard from $564.00 to $654.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Seaport Res Ptn cut shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Mizuho lifted their price target on Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $566.63.

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.