Collective Family Office LLC Has $1.23 Million Position in Mastercard Incorporated (NYSE:MA)

Collective Family Office LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,332 shares of the credit services provider’s stock after selling 45 shares during the quarter. Collective Family Office LLC’s holdings in Mastercard were worth $1,228,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new stake in Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the 2nd quarter valued at about $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter worth about $35,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA traded up $3.88 during trading on Wednesday, reaching $515.28. 725,588 shares of the stock were exchanged, compared to its average volume of 2,050,401. The firm has a market cap of $472.94 billion, a PE ratio of 38.98, a PEG ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $418.54 and a 12 month high of $537.70. The stock has a 50-day moving average price of $523.76 and a 200-day moving average price of $491.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.39 EPS. Research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 23.00%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer dropped their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Morgan Stanley raised their price target on Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $562.76.

About Mastercard

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.