Roberts Glore & Co. Inc. IL Has $254,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Roberts Glore & Co. Inc. IL cut its position in Mastercard Incorporated (NYSE:MA) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 483 shares of the credit services provider’s stock after selling 25 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Mastercard were worth $254,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $32,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at about $39,000. Finally, FPC Investment Advisory Inc. lifted its position in 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 in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on MA shares. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. BMO Capital Markets raised their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Tigress Financial raised their price target on shares of Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four investment 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 data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 0.5 %

Shares of MA stock opened at $546.98 on Friday. The company has a 50 day moving average of $545.15 and a 200-day moving average of $520.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The firm has a market cap of $498.68 billion, a P/E ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10.

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

Mastercard declared that its board has authorized a share repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The firm 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 $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio is 21.89%.

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.