Maia Wealth LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Maia Wealth LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,898 shares of the credit services provider’s stock after purchasing an additional 655 shares during the quarter. Maia Wealth LLC’s holdings in Mastercard were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after buying an additional 257,312 shares during the period. FMR LLC increased its stake in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after acquiring an additional 453,773 shares during the period. Franklin Resources Inc. boosted its position in shares of Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after acquiring an additional 304,293 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mastercard by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock worth $3,115,228,000 after acquiring an additional 64,456 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $576.08 on Friday. The firm has a market cap of $525.22 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10. The firm has a fifty day moving average of $542.83 and a two-hundred day moving average of $517.61. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. TD Cowen upped their price target 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. Royal Bank of Canada increased their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

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.