Mastercard Incorporated (NYSE:MA) Stock Holdings Boosted by Tidemark LLC

Tidemark LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 21.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 144 shares of the credit services provider’s stock after purchasing an additional 25 shares during the quarter. Tidemark LLC’s holdings in Mastercard were worth $76,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd increased its holdings in shares of Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after buying an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. grew its holdings in shares of Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after acquiring an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after purchasing an additional 2,931 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Mastercard by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $527.87 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month 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. The company has a market cap of $481.27 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The business’s 50 day moving average is $545.38 and its two-hundred day moving average is $522.78.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS 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%. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Macquarie upped their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Susquehanna raised their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, UBS Group upped their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

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.