Kohmann Bosshard Financial Services LLC Has $423,000 Position in Mastercard Incorporated (NYSE:MA)

Kohmann Bosshard Financial Services LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 804 shares of the credit services provider’s stock after selling 410 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Mastercard were worth $423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $30,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter worth approximately $39,000. FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the period. Highline Wealth Partners LLC boosted its holdings in shares of Mastercard by 72.5% during the fourth quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 37 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of Mastercard during the third quarter worth approximately $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 2.0 %

Shares of MA stock opened at $576.08 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The firm’s fifty day simple moving average is $542.83 and its 200 day simple moving average is $517.61. The firm has a market capitalization of $525.22 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Susquehanna raised their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Piper Sandler reiterated an “overweight” rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Tigress Financial lifted their target price on shares of Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.11.

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.