Mastercard Incorporated (NYSE:MA) Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,436 shares of the credit services provider’s stock after selling 3,899 shares during the quarter. Mastercard accounts for approximately 0.8% of TriaGen Wealth Management LLC’s portfolio, making the stock its 29th biggest position. TriaGen Wealth Management LLC’s holdings in Mastercard were worth $2,336,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC raised its holdings in shares of Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after buying an additional 19 shares in the last quarter. Goldstein Advisors LLC raised its holdings in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares in the last quarter. Community Bank N.A. raised its holdings in shares of Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after buying an additional 20 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Mastercard by 1.5% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after buying an additional 20 shares in the last quarter. Finally, Boltwood Capital Management raised its holdings in shares of Mastercard by 1.0% in the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after buying an additional 20 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MA shares. Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp increased their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup increased their price target on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley decreased their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $595.64.

Mastercard Stock Performance

Shares of Mastercard stock opened at $555.63 on Friday. The company has a market capitalization of $509.97 billion, a PE ratio of 42.03, a PEG ratio of 2.17 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock’s fifty day simple moving average is $527.58 and its 200 day simple moving average is $500.25.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 178.27% and a net margin of 45.26%. On average, research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard announced that its board has initiated a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid 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 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

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.