Redhawk Wealth Advisors Inc. Has $733,000 Stake in Mastercard Incorporated (NYSE:MA)

Redhawk Wealth Advisors Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,391 shares of the credit services provider’s stock after selling 23 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Mastercard were worth $733,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter worth $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the third quarter valued at about $39,000. Lowe Wealth Advisors LLC increased its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in Mastercard in the 3rd quarter valued at about $54,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

MA opened at $523.08 on Friday. The business’s fifty day simple moving average is $524.17 and its 200 day simple moving average is $493.43. Mastercard Incorporated has a 52 week low of $425.48 and a 52 week 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 $480.10 billion, a PE ratio of 39.57, a P/E/G ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. 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 prior year, the company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard Increases Dividend

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

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

Analyst Ratings Changes

A number of research firms have commented on MA. Robert W. Baird raised their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. TD Cowen boosted 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. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Jefferies Financial 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 Monday, December 9th. Four 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.