Mastercard Incorporated (NYSE:MA) Shares Bought by RFG Advisory LLC

RFG Advisory LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,802 shares of the credit services provider’s stock after purchasing an additional 902 shares during the quarter. RFG Advisory LLC’s holdings in Mastercard were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Goldstein Advisors LLC raised its holdings in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares in the last quarter. Community Bank N.A. increased its position in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in shares of Mastercard by 1.5% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management lifted its holdings in shares of Mastercard by 1.0% during the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after buying an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC grew its stake in shares of Mastercard by 1.4% in the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock valued at $778,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Susquehanna lifted their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Macquarie increased their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Trading Up 1.2 %

Mastercard stock opened at $533.77 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $537.70. The stock has a market cap of $489.91 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The business has a 50 day moving average price of $524.27 and a two-hundred day moving average price of $496.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business earned $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard declared that its board has approved a stock buyback 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is 23.00%.

Mastercard Company 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.