DecisionMap Wealth Management LLC Buys New Shares in Mastercard Incorporated (NYSE:MA)

DecisionMap Wealth Management LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 742 shares of the credit services provider’s stock, valued at approximately $391,000.

Other hedge funds have also bought and sold shares of the company. Temasek Holdings Private Ltd lifted its stake in Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. lifted its stake in Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after purchasing an additional 9,611 shares in the last quarter. Dock Street Asset Management Inc. lifted its stake in Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Nordea Investment Management AB lifted its stake in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after purchasing an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after purchasing an additional 100,550 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Susquehanna boosted their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Macquarie increased their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday. Finally, Oppenheimer lowered their price target 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. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Performance

Shares of MA stock opened at $524.69 on Thursday. The firm has a market cap of $478.36 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.37 and a beta of 1.10. The company’s 50 day moving average is $545.31 and its 200 day moving average is $522.05. 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 52-week low of $428.86 and a 52-week high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase 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 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.