Tobam Sells 41 Shares of Mastercard Incorporated (NYSE:MA)

Tobam lowered its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,311 shares of the credit services provider’s stock after selling 41 shares during the quarter. Tobam’s holdings in Mastercard were worth $690,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $25,000. First Personal Financial Services acquired a new stake in Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in Mastercard in the 3rd quarter valued at $54,000. Raelipskie Partnership boosted its stake in Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after purchasing an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard during the third quarter worth $55,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1 %

NYSE MA opened at $567.12 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The stock’s 50-day moving average is $530.33 and its 200-day moving average is $503.85. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The firm has a market cap of $520.52 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Sell-side analysts anticipate that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its Board of Directors has authorized a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MA shares. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a report on Tuesday. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price for the company in a research note on Friday, January 31st. Citigroup increased their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $603.08.

View Our Latest Stock Analysis on MA

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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