Mastercard Incorporated (NYSE:MA) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 30.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,836 shares of the credit services provider's stock after buying an additional 1,608 shares during the period. EverSource Wealth Advisors LLC's holdings in Mastercard were worth $3,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MA. State Street Corp boosted its holdings in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider's stock valued at $17,425,665,000 after purchasing an additional 257,312 shares during the last quarter. FMR LLC raised its position in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock valued at $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock valued at $9,043,972,000 after buying an additional 453,773 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Mastercard by 4.2% during the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider's stock worth $3,800,836,000 after buying an additional 304,293 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Mastercard by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider's stock worth $3,115,228,000 after buying an additional 64,456 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. Monness Crespi & Hardt raised shares of Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price objective on the stock in a report on Friday, January 31st. Oppenheimer reduced their price objective on Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. TD Cowen raised their price target on Mastercard from $533.00 to $567.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Piper Sandler restated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $606.11.

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Mastercard Price Performance

Shares of NYSE MA opened at $526.11 on Wednesday. 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The business's 50 day moving average is $545.34 and its 200-day moving average is $522.03. The firm has a market cap of $479.66 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) 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%. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.

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