Avidian Wealth Enterprises LLC Purchases 177 Shares of Mastercard Incorporated (NYSE:MA)

Avidian Wealth Enterprises LLC grew its position in Mastercard Incorporated (NYSE:MA) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,894 shares of the credit services provider’s stock after buying an additional 177 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Mastercard were worth $997,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd boosted its holdings in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after buying an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. raised its position in shares of Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the last quarter. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MA. Citigroup increased their price objective on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie increased their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $603.08.

Mastercard Price Performance

Mastercard stock opened at $564.33 on Thursday. The company’s fifty day moving average price is $533.07 and its 200 day moving average price is $507.89. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The stock has a market capitalization of $517.96 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

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.