Cordatus Wealth Management LLC Has $3.01 Million Position in Mastercard Incorporated (NYSE:MA)

Cordatus Wealth Management LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,724 shares of the credit services provider’s stock after acquiring an additional 197 shares during the period. Cordatus Wealth Management LLC’s holdings in Mastercard were worth $3,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MA. State Street Corp increased its stake in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after buying an additional 304,293 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. TD Cowen raised their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company upped their price objective on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Raymond James reissued an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 0.9 %

NYSE:MA opened at $563.61 on Friday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $538.41 and its 200-day moving average is $512.53. The firm has a market cap of $517.30 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.39 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm 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 dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

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

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.