Frank Rimerman Advisors LLC Has $6.94 Million Position in Mastercard Incorporated (NYSE:MA)

Frank Rimerman Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,184 shares of the credit services provider’s stock after acquiring an additional 150 shares during the quarter. Mastercard comprises 0.5% of Frank Rimerman Advisors LLC’s holdings, making the stock its 26th biggest holding. Frank Rimerman Advisors LLC’s holdings in Mastercard were worth $6,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $30,000. Truvestments Capital LLC grew its position in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. grew its position in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock opened at $527.87 on Friday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average price of $545.38 and a 200-day moving average price of $522.44. The company has a market capitalization of $481.27 billion, a P/E ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its board has authorized a stock buyback program 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 programs are usually an indication that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MA shares. TD Cowen lifted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler reaffirmed an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Oppenheimer reduced 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. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.