Crown Wealth Group LLC Has $414,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Crown Wealth Group LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 787 shares of the credit services provider’s stock after buying an additional 37 shares during the quarter. Crown Wealth Group LLC’s holdings in Mastercard were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $30,000. First Personal Financial Services purchased a new stake in Mastercard in the 3rd quarter worth approximately $39,000. FPC Investment Advisory Inc. lifted its position in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Mastercard during the 3rd quarter valued at $54,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MA shares. Mizuho upped their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Barclays lifted their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Price Performance

Shares of Mastercard stock opened at $560.86 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $511.34 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm has a fifty day moving average price of $541.04 and a two-hundred day moving average price of $516.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given 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 is presently 21.89%.

Mastercard announced that its board has authorized a share buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.