Raub Brock Capital Management LP Has $21.01 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Raub Brock Capital Management LP lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,901 shares of the credit services provider’s stock after purchasing an additional 81 shares during the period. Mastercard comprises about 4.5% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Raub Brock Capital Management LP’s holdings in Mastercard were worth $21,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MA. TCP Asset Management LLC bought a new position in Mastercard during the fourth quarter worth $207,000. Ameritas Advisory Services LLC lifted its position in shares of Mastercard by 53.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,180 shares of the credit services provider’s stock worth $5,360,000 after buying an additional 3,536 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Mastercard by 18.1% in the 4th quarter. HB Wealth Management LLC now owns 23,245 shares of the credit services provider’s stock valued at $12,240,000 after buying an additional 3,558 shares during the period. KRS Capital Management LLC grew its position in shares of Mastercard by 1.0% during the 4th quarter. KRS Capital Management LLC now owns 2,755 shares of the credit services provider’s stock valued at $1,451,000 after buying an additional 26 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Mastercard by 0.8% in the fourth quarter. Trust Co. of Vermont now owns 60,583 shares of the credit services provider’s stock worth $31,901,000 after acquiring an additional 498 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Jefferies Financial Group raised their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp upped their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, TD Cowen upped their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $566.63.

Mastercard Stock Performance

Shares of Mastercard stock opened at $525.22 on Friday. Mastercard Incorporated has a 12 month low of $427.45 and a 12 month 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 stock has a market cap of $482.06 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The business has a fifty day simple moving average of $524.28 and a 200-day simple moving average of $494.24.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

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 issued a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is currently 19.97%.

Mastercard announced that its Board of Directors has initiated a stock buyback 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 repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often 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.