2,312 Shares in Mastercard Incorporated (NYSE:MA) Bought by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,312 shares of the credit services provider's stock, valued at approximately $1,217,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in shares of 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 in the last quarter. FMR LLC lifted its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock worth $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 worth $9,043,972,000 after purchasing an additional 453,773 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider's stock worth $3,800,836,000 after acquiring an additional 304,293 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

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Mastercard Price Performance

MA stock traded up $0.36 during trading on Wednesday, reaching $568.97. 2,458,097 shares of the company were exchanged, compared to its average volume of 2,608,324. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The company has a market capitalization of $522.22 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average of $537.79 and a two-hundred day moving average of $512.17.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard announced that its board has initiated a share 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 reacquire 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 stock is undervalued.

Mastercard Announces Dividend

The business also recently declared 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 0.53%. Mastercard's dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Macquarie lifted their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. 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. Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Four 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $606.11.

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.