McGlone Suttner Wealth Management Inc. Takes $222,000 Position in Mastercard Incorporated (NYSE:MA)

McGlone Suttner Wealth Management Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 422 shares of the credit services provider’s stock, valued at approximately $222,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after buying an additional 257,312 shares during the last quarter. FMR LLC grew its position in shares of Mastercard by 3.4% during 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 acquiring an additional 700,769 shares during the period. Geode Capital Management LLC grew its position 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 acquiring an additional 453,773 shares during the period. International Assets Investment Management LLC grew its position in shares of Mastercard by 120,665.3% during 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 acquiring an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after acquiring an additional 304,293 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of MA stock opened at $533.50 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $489.66 billion, a P/E ratio of 40.36, a P/E/G ratio of 2.10 and a beta of 1.10. The company’s 50-day simple moving average is $524.54 and its two-hundred day simple moving average is $496.49. Mastercard Incorporated has a one year low of $428.86 and a one year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the firm earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard declared that its board has initiated a stock buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.76 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is currently 23.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MA shares. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. TD Cowen boosted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Susquehanna upped their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Citigroup upped their target price on shares of Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

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.