Mastercard Incorporated (NYSE:MA) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP raised its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,578 shares of the credit services provider’s stock after buying an additional 515 shares during the period. Lyell Wealth Management LP’s holdings in Mastercard were worth $8,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter valued at about $25,000. First Personal Financial Services acquired a new position in shares of Mastercard during the 3rd quarter worth approximately $39,000. Legacy Investment Solutions LLC acquired a new position in shares of Mastercard during the 3rd quarter worth approximately $55,000. Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 24.1% during the 4th quarter. Lowe Wealth Advisors LLC now owns 108 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 21 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Mastercard in the 3rd quarter worth approximately $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MA shares. Macquarie boosted their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Raymond James restated an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Up 0.6 %

Shares of Mastercard stock opened at $567.90 on Wednesday. The company has a market capitalization of $521.24 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The firm’s 50-day moving average price is $537.10 and its two-hundred day moving average price is $511.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.89%.

Mastercard announced that its board has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign 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.