FFT Wealth Management LLC Acquires 81 Shares of Mastercard Incorporated (NYSE:MA)

FFT Wealth Management LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,733 shares of the credit services provider’s stock after purchasing an additional 81 shares during the quarter. FFT Wealth Management LLC’s holdings in Mastercard were worth $1,439,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MA. Bank of Montreal Can boosted its holdings in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after buying an additional 1,965,782 shares during the period. FMR LLC boosted its stake in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the period. Geode Capital Management LLC grew its position in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after purchasing an additional 453,773 shares in the last quarter. Montrusco Bolton Investments Inc. raised its stake in Mastercard by 52.8% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after purchasing an additional 409,334 shares during the period. Finally, Holocene Advisors LP lifted its holdings in Mastercard by 214.7% in the 3rd quarter. Holocene Advisors LP now owns 535,503 shares of the credit services provider’s stock worth $264,431,000 after purchasing an additional 365,324 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $564.68 on Wednesday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The firm has a market cap of $514.82 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.37 and a beta of 1.10. The business’s fifty day simple moving average is $540.22 and its two-hundred day simple moving average is $515.72. 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 (NYSE:MA) last announced its quarterly earnings data 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%. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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

Mastercard Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial boosted their target price on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley cut their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.