Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,183 shares of the credit services provider’s stock after purchasing an additional 210 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Mastercard were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the second quarter worth approximately $35,000. First Personal Financial Services bought a new position in Mastercard during the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. BMO Capital Markets increased their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $566.13.

Mastercard Trading Up 0.1 %

Mastercard stock traded up $0.60 during mid-day trading on Monday, hitting $505.27. 2,765,131 shares of the company’s stock were exchanged, compared to its average volume of 2,417,328. The company’s 50 day simple moving average is $524.09 and its 200-day simple moving average is $492.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $463.75 billion, a P/E ratio of 38.22, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $425.48 and a fifty-two week high of $537.70.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business 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 EPS. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

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 is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is 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.