Hidden Cove Wealth Management LLC Acquires Shares of 481 Mastercard Incorporated (NYSE:MA)

Hidden Cove Wealth Management LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 481 shares of the credit services provider’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Naples Global Advisors LLC grew its position in Mastercard by 1.1% in the 4th quarter. Naples Global Advisors LLC now owns 2,019 shares of the credit services provider’s stock worth $1,063,000 after purchasing an additional 21 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Mastercard by 3.8% in the 4th quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider’s stock worth $97,246,000 after buying an additional 6,781 shares during the last quarter. Channing Global Advisors LLC grew its holdings in shares of Mastercard by 43.3% in the fourth quarter. Channing Global Advisors LLC now owns 9,988 shares of the credit services provider’s stock valued at $5,259,000 after acquiring an additional 3,019 shares in the last quarter. Diversified Portfolios Inc. increased its position in shares of Mastercard by 4.3% during the fourth quarter. Diversified Portfolios Inc. now owns 1,205 shares of the credit services provider’s stock valued at $635,000 after acquiring an additional 50 shares during the last quarter. Finally, Retirement Guys Formula LLC lifted its holdings in Mastercard by 0.8% during the fourth quarter. Retirement Guys Formula LLC now owns 3,124 shares of the credit services provider’s stock worth $1,645,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MA shares. Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. KeyCorp lifted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup increased their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer decreased their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $603.08.

Mastercard Stock Down 0.1 %

MA opened at $564.33 on Thursday. The firm has a market capitalization of $517.96 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The company has a fifty day moving average price of $533.07 and a 200-day moving average price of $507.89. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping 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%. Equities research analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard declared that its board has approved a share buyback program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are 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.