Cyndeo Wealth Partners LLC Raises Stock Position in Mastercard Incorporated (NYSE:MA)

Cyndeo Wealth Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,896 shares of the credit services provider’s stock after purchasing an additional 164 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Mastercard were worth $5,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the 2nd quarter worth $34,000. First Personal Financial Services bought a new position in shares of Mastercard in the 3rd quarter worth $39,000. Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the 3rd 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 last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard during the 3rd quarter worth $54,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.1 %

NYSE:MA opened at $533.50 on Friday. The company has a 50-day moving average price of $524.77 and a 200-day moving average price of $497.10. The stock has a market cap of $489.66 billion, a price-to-earnings ratio of 40.36, a P/E/G 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. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $537.70.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the business posted $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is 23.00%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Citigroup raised their price target on Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets boosted their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their price objective on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Company 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.