Mastercard Incorporated (NYSE:MA) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,670 shares of the credit services provider’s stock after purchasing an additional 356 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Mastercard were worth $2,459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invst LLC lifted its stake in Mastercard by 14.0% during the second quarter. Invst LLC now owns 829 shares of the credit services provider’s stock worth $363,000 after purchasing an additional 102 shares during the last quarter. Quarry LP bought a new position in Mastercard during the second quarter worth $147,000. EP Wealth Advisors LLC lifted its stake in Mastercard by 3.7% during the second quarter. EP Wealth Advisors LLC now owns 16,355 shares of the credit services provider’s stock worth $7,215,000 after purchasing an additional 581 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Mastercard by 9.7% during the second quarter. Pathway Financial Advisers LLC now owns 386 shares of the credit services provider’s stock worth $168,000 after purchasing an additional 34 shares during the last quarter. Finally, Advisory Alpha LLC lifted its stake in Mastercard by 33.0% during the second quarter. Advisory Alpha LLC now owns 1,323 shares of the credit services provider’s stock worth $584,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Macquarie increased their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Finally, Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $567.29.

Mastercard Trading Down 0.0 %

NYSE MA opened at $547.61 on Wednesday. The firm has a market capitalization of $502.61 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. 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 business’s 50-day moving average price is $525.29 and its two-hundred day moving average price is $498.70. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $551.55.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.47 EPS 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 paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard’s dividend payout ratio is 23.00%.

Mastercard announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.