Retirement Guys Formula LLC Acquires 26 Shares of Mastercard Incorporated (NYSE:MA)

Retirement Guys Formula LLC increased its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,124 shares of the credit services provider’s stock after buying an additional 26 shares during the period. Retirement Guys Formula LLC’s holdings in Mastercard were worth $1,645,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Bank of Montreal Can raised its position in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the period. FMR LLC raised its position in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC raised its position in Mastercard by 2.5% in 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 purchasing an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its stake in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after acquiring an additional 409,334 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Mizuho increased their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note 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 note on Tuesday, February 4th. Finally, Susquehanna increased their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $603.08.

Mastercard Stock Down 0.1 %

MA stock opened at $564.79 on Wednesday. The firm has a market cap of $518.38 billion, a PE ratio of 40.66, 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. The firm’s fifty day moving average is $532.30 and its 200 day moving average is $507.00. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. On average, research analysts forecast that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard announced that its Board of Directors has initiated a stock buyback 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is 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.