Traveka Wealth LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,478 shares of the credit services provider’s stock after acquiring an additional 20 shares during the period. Traveka Wealth LLC’s holdings in Mastercard were worth $778,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter worth $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% during 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 during the period. 97.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MA has been the subject of a number of recent analyst reports. TD Cowen raised 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. Citigroup lifted their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Finally, BMO Capital Markets increased their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $566.13.
Mastercard Trading Up 0.1 %
Shares of Mastercard stock opened at $505.27 on Tuesday. The firm has a market cap of $463.75 billion, a PE ratio of 38.22, a P/E/G ratio of 2.36 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a fifty-two week low of $425.48 and a fifty-two week high of $537.70. The business’s fifty day moving average is $524.08 and its two-hundred day moving average is $492.75.
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 EPS. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.
Mastercard Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.
Mastercard announced that its Board of Directors has approved a stock buyback 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 repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors 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.
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