Oregon Pacific Wealth Management LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Oregon Pacific Wealth Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,273 shares of the credit services provider’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $25,000. First Personal Financial Services acquired a new position in shares of Mastercard in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $54,000. Raelipskie Partnership lifted its stake in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Susquehanna increased their target price on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler reissued an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday. Finally, Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $595.64.

Mastercard Stock Down 1.8 %

Shares of NYSE:MA opened at $555.63 on Monday. The company has a quick ratio of 1.29, 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 $576.94. The company has a 50 day moving average of $528.28 and a two-hundred day moving average of $501.43. The company has a market capitalization of $509.97 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. As a group, analysts forecast that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is presently 21.89%.

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

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.