Cassady Schiller Wealth Management LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Cassady Schiller Wealth Management LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 308 shares of the credit services provider’s stock after purchasing an additional 42 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Mastercard were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $32,000. Truvestments Capital LLC increased its holdings in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. increased its holdings 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 acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 1.5 %

Shares of MA opened at $527.87 on Monday. The company has a market cap of $481.27 billion, a PE ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The business has a fifty day moving average of $545.38 and a 200 day moving average of $523.14. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. Mastercard’s payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research note on Tuesday, February 4th. Piper Sandler restated an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company 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 two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $606.11.

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.