Warren Street Wealth Advisors LLC Acquires 64 Shares of Mastercard Incorporated (NYSE:MA)

Warren Street Wealth Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,111 shares of the credit services provider’s stock after purchasing an additional 64 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Mastercard were worth $585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard during the third quarter worth about $25,000. First Personal Financial Services acquired a new stake in Mastercard during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in Mastercard during the 3rd quarter worth approximately $54,000. Raelipskie Partnership lifted its position in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after purchasing an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at $55,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. Royal Bank of Canada lifted their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays lifted their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho lifted their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four investment 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 stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $603.08.

Mastercard Stock Down 0.1 %

MA stock opened at $564.33 on Thursday. The firm has a market capitalization of $517.96 billion, a PE ratio of 40.63, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The stock’s 50 day moving average is $533.07 and its 200-day moving average is $507.89.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts expect that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

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

Mastercard Announces Dividend

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

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.