Sivia Capital Partners LLC Has $963,000 Holdings in Mastercard Incorporated (NYSE:MA)

Sivia Capital Partners LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,828 shares of the credit services provider’s stock after selling 33 shares during the period. Mastercard comprises about 0.5% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 29th largest position. Sivia Capital Partners LLC’s holdings in Mastercard were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Goldstein Advisors LLC increased its stake in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. Community Bank N.A. grew its holdings in Mastercard by 0.9% during the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 20 shares during the period. 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 valued at $1,082,000 after purchasing an additional 20 shares in the last quarter. Finally, McLean Asset Management Corp lifted its position in shares of Mastercard by 1.3% in the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after purchasing an additional 21 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of NYSE MA traded up $0.12 during mid-day trading on Monday, reaching $504.79. The company’s stock had a trading volume of 1,969,634 shares, compared to its average volume of 2,394,476. The stock has a market capitalization of $463.31 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $425.48 and a 1-year high of $537.70. The stock has a 50-day moving average of $524.09 and a two-hundred day moving average of $492.31. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the firm posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a share 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 buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 23.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. KeyCorp increased their price objective on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $566.13.

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.