Mastercard Incorporated (NYSE:MA) Shares Bought by McLean Asset Management Corp

McLean Asset Management Corp boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,735 shares of the credit services provider’s stock after buying an additional 58 shares during the period. McLean Asset Management Corp’s holdings in Mastercard were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Goldstein Advisors LLC increased its position in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the last quarter. Community Bank N.A. boosted its position 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 buying an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC boosted its position in shares of 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 buying an additional 20 shares during the period. Boltwood Capital Management boosted its position in shares of Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after buying an additional 20 shares during the period. Finally, Traveka Wealth LLC boosted its position in shares of Mastercard by 1.4% during the fourth quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE MA opened at $533.50 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50-day simple moving average of $524.77 and a 200 day simple moving average of $497.91. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $537.70. The stock has a market cap of $489.66 billion, a PE ratio of 40.36, a PEG ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the company earned $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard announced that its board has authorized a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Citigroup upped their target price on Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $567.29.

About Mastercard

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.