Mastercard Incorporated (NYSE:MA) Shares Bought by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 821 shares of the credit services provider’s stock after purchasing an additional 34 shares during the period. Dominguez Wealth Management Solutions Inc.’s holdings in Mastercard were worth $432,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MA. Highline Wealth Partners LLC acquired a new stake in Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services acquired a new stake in Mastercard during the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Mastercard during the third quarter valued at approximately $54,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. BMO Capital Markets increased their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Macquarie raised their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley increased their target price on Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, TD Cowen upped their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Stock Performance

Mastercard stock opened at $525.22 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 12 month low of $427.45 and a 12 month high of $537.70. The company has a fifty day moving average price of $524.27 and a two-hundred day moving average price of $493.64. The company has a market cap of $482.06 billion, a PE ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.39 EPS. Research analysts expect that Mastercard Incorporated will post 14.46 earnings per share for the current year.

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

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is presently 19.97%.

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.