Mastercard Incorporated (NYSE:MA) Shares Acquired by Range Financial Group LLC

Range Financial Group LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 155.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the credit services provider’s stock after buying an additional 650 shares during the quarter. Range Financial Group LLC’s holdings in Mastercard were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after acquiring an additional 8,035,099 shares in the last quarter. Bank of Montreal Can raised its position in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. FMR LLC boosted its stake in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after buying an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its stake in shares of Mastercard by 52.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after buying an additional 409,334 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.0 %

MA traded down $0.04 during trading on Tuesday, reaching $511.89. The company had a trading volume of 2,211,449 shares, compared to its average volume of 2,376,616. Mastercard Incorporated has a 12-month low of $416.53 and a 12-month high of $537.70. The firm’s 50-day simple moving average is $523.65 and its 200 day simple moving average is $490.70. The company has a market cap of $469.83 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 2.36 and a beta of 1.10. 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 posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 23.00%.

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

Analysts Set New Price Targets

A number of research firms have commented on MA. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup lifted their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Piper Sandler reissued an “overweight” rating and set a $575.00 target price (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. KeyCorp increased their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $562.76.

Mastercard 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.