Oak Harbor Wealth Partners LLC Sells 100 Shares of Mastercard Incorporated (NYSE:MA)

Oak Harbor Wealth Partners LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 551 shares of the credit services provider’s stock after selling 100 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Mastercard were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MA. Swedbank AB grew its stake in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after purchasing an additional 241,297 shares during the period. Walkner Condon Financial Advisors LLC lifted its position in shares of Mastercard by 4.5% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 767 shares of the credit services provider’s stock valued at $379,000 after buying an additional 33 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at about $582,000. Finally, TFB Advisors LLC lifted its position in shares of Mastercard by 2.3% during the 3rd quarter. TFB Advisors LLC now owns 1,532 shares of the credit services provider’s stock valued at $757,000 after buying an additional 35 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup boosted their price target on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

NYSE MA opened at $546.98 on Friday. The company has a market cap of $498.68 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock’s 50 day simple moving average is $545.15 and its 200-day simple moving average is $520.41. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a stock buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend yield of 0.56%. Mastercard’s payout ratio is presently 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.