Bedel Financial Consulting Inc. purchased a new position in shares of Mastercard Inc (NYSE:MA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,612 shares of the credit services provider’s stock, valued at approximately $244,000.
Several other institutional investors have also modified their holdings of the company. Community Bank N.A. lifted its stake in shares of Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after buying an additional 365 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at $102,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at $106,000. Acrospire Investment Management LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $121,000. Finally, Horan Capital Advisors LLC. purchased a new position in shares of Mastercard during the 3rd quarter valued at $131,000. Institutional investors and hedge funds own 75.22% of the company’s stock.
MA has been the topic of a number of analyst reports. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada cut shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a research note on Thursday, January 4th. Guggenheim restated a “buy” rating and set a $201.00 target price on shares of Mastercard in a research note on Friday, February 2nd. Piper Jaffray Companies lifted their target price on shares of Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group restated a “hold” rating and set a $164.00 target price on shares of Mastercard in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $177.40.
Shares of Mastercard Inc (MA) opened at $183.24 on Friday. Mastercard Inc has a fifty-two week low of $110.13 and a fifty-two week high of $183.33. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market cap of $196,940.00, a PE ratio of 41.84, a PEG ratio of 1.66 and a beta of 1.18.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 20.2% on a year-over-year basis. research analysts anticipate that Mastercard Inc will post 5.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 22.83%.
Mastercard declared that its Board of Directors has approved a stock repurchase plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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