Mirabaud & Cie SA Has $3.53 Million Holdings in Mastercard Incorporated (NYSE:MA)

Mirabaud & Cie SA lessened its holdings in Mastercard Incorporated (NYSE:MA) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,708 shares of the credit services provider’s stock after selling 486 shares during the quarter. Mastercard accounts for approximately 1.1% of Mirabaud & Cie SA’s investment portfolio, making the stock its 19th biggest holding. Mirabaud & Cie SA’s holdings in Mastercard were worth $3,532,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Goldstein Advisors LLC raised its stake in Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. Community Bank N.A. boosted its stake in shares of Mastercard by 0.9% during the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in shares of Mastercard by 1.5% in 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 during the period. Boltwood Capital Management lifted 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 during the period. Finally, Traveka Wealth LLC raised its stake in shares of Mastercard by 1.4% in the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock valued at $778,000 after buying an additional 20 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MA. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler restated an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Finally, Susquehanna raised their price target on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Performance

NYSE MA opened at $527.84 on Wednesday. The company has a fifty day moving average price of $524.19 and a 200-day moving average price of $495.46. The firm has a market cap of $484.47 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 2.09 and a beta of 1.10. 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 1 year low of $428.86 and a 1 year high of $537.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced 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 is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard declared that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

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.