Roman Butler Fullerton & Co. Has $7.91 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Roman Butler Fullerton & Co. raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,439 shares of the credit services provider’s stock after purchasing an additional 365 shares during the period. Mastercard comprises 2.2% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 6th biggest position. Roman Butler Fullerton & Co.’s holdings in Mastercard were worth $7,908,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. Creative Planning raised its position in shares of Mastercard by 5.8% in the 3rd quarter. Creative Planning now owns 205,594 shares of the credit services provider’s stock worth $101,523,000 after acquiring an additional 11,331 shares in the last quarter. Swedbank AB grew its stake in Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after buying an additional 241,297 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after buying an additional 22 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Mastercard by 0.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 24,428 shares of the credit services provider’s stock worth $12,063,000 after buying an additional 165 shares during the last quarter. Finally, Secure Asset Management LLC purchased a new position in Mastercard during the 3rd quarter worth $233,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MA. Wells Fargo & Company boosted their target price on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Piper Sandler reiterated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research note on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Performance

NYSE MA opened at $564.77 on Friday. The stock has a market capitalization of $518.36 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock has a 50-day moving average of $534.76 and a 200 day moving average of $508.68.

Mastercard (NYSE:MA) last released its quarterly 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%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Mastercard Dividend Announcement

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

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.