Mastercard Incorporated (NYSE:MA) Shares Purchased by US Bancorp DE

US Bancorp DE grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 913,402 shares of the credit services provider’s stock after purchasing an additional 741 shares during the period. US Bancorp DE owned approximately 0.10% of Mastercard worth $480,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter valued at about $30,000. FPC Investment Advisory Inc. boosted its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares in the last quarter. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter valued at about $39,000. Highline Wealth Partners LLC boosted its position in shares of Mastercard by 72.5% during the 4th quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 37 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Mastercard during the 3rd quarter valued at about $55,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MA shares. Susquehanna raised their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. KeyCorp raised their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

Shares of MA opened at $576.08 on Friday. The firm has a market cap of $525.22 billion, a PE ratio of 41.47, a PEG ratio of 2.37 and a beta of 1.10. The firm’s 50 day moving average price is $542.83 and its 200 day moving average price is $517.21. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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%. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a share buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

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.