Mastercard Incorporated (NYSE:MA) Shares Bought by Red Door Wealth Management LLC

Red Door Wealth Management LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 40.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888 shares of the credit services provider’s stock after purchasing an additional 255 shares during the quarter. Red Door Wealth Management LLC’s holdings in Mastercard were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MA. Goldstein Advisors LLC boosted its holdings in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares in the last quarter. Community Bank N.A. lifted its holdings in shares of Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC raised its holdings in Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Mastercard by 1.0% in the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after buying an additional 20 shares in the last quarter. Finally, Traveka Wealth LLC grew its stake in shares of Mastercard by 1.4% during the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.2 %

NYSE:MA opened at $533.77 on Friday. The stock has a fifty day simple moving average of $524.27 and a 200 day simple moving average of $496.23. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $537.70. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $489.91 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders 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 yield of 0.57%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s payout ratio is presently 23.00%.

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Robert W. Baird raised their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Four 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 company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

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.