Mastercard Incorporated (NYSE:MA) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,098 shares of the credit services provider’s stock after buying an additional 747 shares during the period. Good Life Advisors LLC’s holdings in Mastercard were worth $6,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new stake in shares of Mastercard during the 3rd quarter valued at $54,000. Raelipskie Partnership grew its stake in shares of Mastercard by 120.0% during the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after buying an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in Mastercard during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MA shares. Jefferies Financial Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Piper Sandler restated an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Susquehanna raised their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Shares of NYSE:MA opened at $567.90 on Wednesday. The company’s 50-day moving average is $537.10 and its 200 day moving average is $511.77. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $521.24 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94.

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

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The business 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 dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

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.