Mastercard Incorporated (NYSE:MA) Shares Purchased by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 68.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,928 shares of the credit services provider’s stock after acquiring an additional 783 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Mastercard were worth $1,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at $30,000. First Personal Financial Services acquired a new stake in Mastercard in the third quarter valued at $39,000. FPC Investment Advisory Inc. grew its holdings in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Mastercard in the third quarter valued at $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler reissued an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Morgan Stanley lowered their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group upped their target price on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a report on Friday, January 31st. Finally, Oppenheimer lowered their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Four equities research 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

NYSE MA opened at $557.44 on Friday. The business’s 50-day moving average price is $538.98 and its 200 day moving average price is $513.78. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The company has a market capitalization of $508.22 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard announced that its Board of Directors has approved 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 typically a sign that the company’s board of directors believes its stock is undervalued.

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.