Mastercard Incorporated (NYSE:MA) Stock Holdings Trimmed by Processus Wealth & Capital Management LLC

Processus Wealth & Capital Management LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,614 shares of the credit services provider’s stock after selling 104 shares during the period. Mastercard makes up 4.0% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 6th biggest position. Processus Wealth & Capital Management LLC’s holdings in Mastercard were worth $5,062,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. FMR LLC lifted 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 worth $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after acquiring an additional 453,773 shares during the last quarter. Montrusco Bolton Investments Inc. raised its position in Mastercard by 52.8% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after purchasing an additional 409,334 shares in the last quarter. Finally, Holocene Advisors LP raised its position in Mastercard by 214.7% during the 3rd quarter. Holocene Advisors LP now owns 535,503 shares of the credit services provider’s stock valued at $264,431,000 after purchasing an additional 365,324 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Tigress Financial boosted their target price on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Performance

NYSE MA opened at $558.44 on Tuesday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The stock has a market capitalization of $509.13 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.37 and a beta of 1.10. The business’s 50 day moving average is $539.55 and its two-hundred day moving average is $514.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced 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 return on equity of 188.47% and a net margin of 45.71%. Research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its board has approved a share repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board 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.