Mastercard Incorporated (NYSE:MA) is Solidarity Wealth LLC’s 9th Largest Position

Solidarity Wealth LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,877 shares of the credit services provider’s stock after purchasing an additional 1,287 shares during the period. Mastercard accounts for 3.0% of Solidarity Wealth LLC’s holdings, making the stock its 9th largest position. Solidarity Wealth LLC’s holdings in Mastercard were worth $11,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldstein Advisors LLC boosted its stake in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares in the last quarter. Community Bank N.A. boosted its position in 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 purchasing an additional 20 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its position in 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 purchasing an additional 20 shares in the last quarter. Boltwood Capital Management boosted its position in 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 purchasing an additional 20 shares in the last quarter. Finally, Traveka Wealth LLC boosted its position in 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 purchasing an additional 20 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.4 %

NYSE:MA opened at $525.22 on Tuesday. The company has a market cap of $482.06 billion, a PE ratio of 39.73, a P/E/G ratio of 2.09 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $427.45 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 business’s 50 day moving average is $524.28 and its two-hundred day moving average is $494.92.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $3.39 EPS. On average, analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 23.00%.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan 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 buy up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have commented on MA shares. Macquarie boosted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays upped their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased 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. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $566.63.

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.