Panoramic Capital Partners LLC Purchases Shares of 494 Mastercard Incorporated (NYSE:MA)

Panoramic Capital Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 494 shares of the credit services provider’s stock, valued at approximately $260,000.

Other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the third quarter worth approximately $25,000. First Personal Financial Services bought a new stake in Mastercard during the 3rd quarter worth about $39,000. FSA Wealth Management LLC acquired a new position in Mastercard during the 3rd quarter valued at about $54,000. Raelipskie Partnership grew its position in shares of Mastercard by 120.0% during the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after buying an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $55,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. KeyCorp lifted their price objective on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer reduced their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Barclays upped their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Stock Performance

Mastercard stock opened at $565.51 on Tuesday. The business has a 50 day moving average of $531.61 and a 200-day moving average of $506.04. The company has a market capitalization of $519.05 billion, a P/E ratio of 40.71, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) 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%. On average, equities research analysts predict that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Dividend Announcement

The firm 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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is 21.89%.

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

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.