Mitchell Mcleod Pugh & Williams Inc. Has $653,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Mitchell Mcleod Pugh & Williams Inc. decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,240 shares of the credit services provider's stock after selling 500 shares during the period. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Mastercard were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Goldstein Advisors LLC boosted its position in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider's stock worth $749,000 after buying an additional 20 shares during the period. Community Bank N.A. increased its holdings in Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider's stock worth $1,081,000 after buying an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its holdings in Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider's stock worth $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management raised its holdings in Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider's stock valued at $1,082,000 after buying an additional 20 shares in the last quarter. Finally, Traveka Wealth LLC raised its stake in shares of Mastercard by 1.4% in the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider's stock valued at $778,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.4 %

Shares of NYSE:MA traded up $2.08 during trading on Monday, hitting $525.22. 2,373,992 shares of the company's stock traded hands, compared to its average volume of 2,205,146. The company has a market cap of $482.06 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $427.45 and a 52 week high of $537.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a 50-day moving average price of $524.28 and a 200-day moving average price of $494.92.

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. The company had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

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.

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 issued a $0.76 dividend. This is a boost from Mastercard's previous quarterly dividend of $0.66. The ex-dividend date 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 presently 19.97%.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Seaport Res Ptn lowered shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. 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. Piper Sandler reiterated an "overweight" rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Monday, November 25th. Four equities research 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 stock. According to data from MarketBeat, the stock presently 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.